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} }
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…
635 Citations
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