As more people in a country started hoarding grain in fear of a shortage,a shortage actually occurred.This is an example of ________.

Question

Quizplus · Accepted Answer

This scenario is an example of an information cascade, where people follow the actions of others and hoard grain based on incomplete or incorrect information. This can lead to a self-fulfilling prophecy, where the hoarding actually causes a shortage.

As More People in a Country Started Hoarding Grain in Fear