An assessment (e.g., of an investment opportunity) based in part on the actions of others, which in turn were based on the actions of others, is:

Question

Quizplus · Accepted Answer

An informational cascade occurs when individuals base their decisions on the actions of others, leading to a snowball effect of similar decisions. An assessment based on this type of behavior would be considered an informational cascade. The other options do not accurately describe this type of assessment.

An Assessment (E