During the global financial crisis of 2008,as more people started selling their houses in fear of falling house prices,house prices fell further.This is an example of ________.

Question

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This is an example of an information cascade, where individuals make decisions based on the actions of others, without necessarily having complete information themselves. As more people began selling their houses, others followed suit, creating a self-reinforcing cycle that led to further price declines.

During the Global Financial Crisis of 2008,as More People Started