Todd Mundt

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Some of the studies we are describing involve informational cascades. Such cascades are pervasive. They help explain why similar groups in business, government, and elsewhere can go in multiple directions and why small changes can produce such different outcomes and hence noise. We are able to see history only as it was actually run, but for many groups and group decisions, there are clouds of possibilities, only one of which is realized.
Noise: A Flaw in Human Judgment
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