You are on a vacation in a foreign country.Because it is your first visit to the country,you do not know much about the tourist spots.Therefore,you decide to ask the manager of the hotel about popular tourist places.He tells you that there is a waterfall and a beautiful park close to the hotel that you can visit.You are wondering which place to go to when you overhear some of the tourists planning a trek to one of the falls.You decide to join them.This is an example of ________.

Question

Quizplus · Accepted Answer

This is an example of an information cascade, as the individual did not have sufficient information about the tourist spots and relied on the knowledge and actions of others to make a decision.

You Are on a Vacation in a Foreign Country