sleepcamel.net : brad weikel

I've been reading "The Wisdom of Crowds" today (and blogging about it elsewhere), and came across several instances of the thing I hate the most about economics.

"Plank-road fever was a vivid example of a phenomenon that economists call an 'information cascade.'" (Surowiecki, pg 53) [bold mine]

Why have I fixated on this sentence? I'll answer with two questions: