Availability Cascades and Risk Regulation

@article{Kuran1999AvailabilityCA,
  title={Availability Cascades and Risk Regulation},
  author={Timur Kuran and Cass Robert Sunstein},
  journal={Industrial Organization \& Regulation eJournal},
  year={1999}
}
  • T. KuranC. Sunstein
  • Published 1 April 1999
  • Political Science
  • Industrial Organization & Regulation eJournal
An availability cascade is a self-reinforcing process of collective belief formation by which an expressed perception triggers a chain reaction that gives the perception of increasing plausibility through its rising availability in public discourse. The driving mechanism involves a combination of informational and reputational motives: Individuals endorse the perception partly by learning from the apparent beliefs of others and partly by distorting their public responses in the interest of… 

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