« The Special Prosecutor's Authority | Main | Judy Miller: 85 Days for What? »

October 26, 2005

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c031153ef00d8345b1a2069e2

Listed below are links to weblogs that reference The Miers Cascade:

» Identifying and Accelerating Information Cascades from WSX Blog | The Washington Stock Exchange
Saul Levmore makes an intriguing assertion over at the University of Chicago Law School Faculty Blog. He was commenting on an earlier post made by Cass Sunstein, which claimed that one could identify a cascade. Adding to that, Levmore states that in... [Read More]

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Troy

I'm not sure this observation comes to much without more. While participating in a cascade may be epistemologically irresponsible, whether such participation has undesirable effects depends upon whether the views expressed or withheld by Barbara and Charles are true. As long as one remains agnostic about the Miers' nomination, as you do, one cannot determine whether the textbook cascade you describe is positive or negative.

D Conrad

I think these cascades are presumptively negative. Many issues that are important are decided by a consensus of opinion, rather than by accurate study.

For instance, most people think DDT is a cancer causing chemical that drives birds to extinction.

These are both scientifically questionable claims, but it is tough to fight the "Oh, come on" reaction to any claim that goes against the public consensus. So when you have an uninformed cascade, it has the effect of making unsettled questions appear to be settled. This raises the burden of proof very high for some claims, when under an objective standard the claim is at least plausible.

Rue Des Quatre Vents

Professor Sunstein,

If the urn contains 100 red balls, and 0 white, is it really a cascade when A, B, and C say the urn is red dominated?

Bruce

I agree opinion cascades are fascinating but I'm not sure we have one here. Many people are giving lukewarm or negative signals, but how do we know it's because of reasons (a) or (b)? "Cascades" in opinions seem most likely to occur when the value of holding similar opinions is relatively high but the intrinsic value of holding those opinions is relatively low. There's some evidence that, at least among Republicans, the opposite has occurred: the attraction or standardization value is being outweighed by the desire for a substantively beneficial result. The expression of lukewarm or mildly negative views may be part of the process of forming of a mixed equilibrium where individuals settle on different views. Or there might be a slow shift toward one pole as people are persuaded, on the merits of information being dispersed and with little influence from positive feedback.

Paul Gowder

I second the previous two commenters. What does it mean to classify a thing as a "cascade?" Either "cascade" implies something about the validity of the views that are cascading (i.e. they are less likely to be rational) or it doesn't. If it doesn't, then classifying something as a "cascade" is wholly uninteresting. If it does, then the classification of something as a "cascade" requires an evaluation of whether the people with cascading views are nonetheless making use of rational decisionmaking processes or not.

Either way, I don't know what saying "look, this is a cascade" with nothing more adds to the discussion.

Paul Gowder

Also, how do we know that "people [have been" silenc[ing] themselves because they don't want to be criticized, punished, or ostracized?" This statment, the apparent predicate for a "reputational cascade" assumes both that (A) people hold the opinion that Miers is qualified, and (B) the people described in A aren't talking because of pressure. The problem is that absent careful and confidential polling or some similar method, the presence of (B) precludes finding evidence for (A). We have no way to know whether the Miers-supporters are silent because they're cowed or because they don't exist.

Steve Bartman

Yeeeeaahhh SOUTH SIDE!!!!

WHITE SOX RULE!!!!!!!!

DC GOP lawyer

Actually, the notable part is that there is much more GOP opposition to Miers than the press is reporting. The White House had lined up an army of commentators who were supposed to push whoever Bush nominated. When they found out it was Miers, they mostly agreed to keep quiet: no one would speak in her favor, but no one wanted to tick off the White House by saying what they actually felt -- namely, that they don't want her on the court. Here's a test: Try coming to DC, going to a GOP hangout like Capital Grille, and just say the word "Miers." People will flip out; it's the "M word" of GOP circles.

jleons17

What is the relationship between information cascades and the Condorcet Jury Theorem? As I understand it (from this post by Prof. Sunstein http://www.lessig.org/blog/archives/003027.shtml), that describes the situation where each individual member of the crowd has a less than 50% chance of correctly forecasting the event, then the collective judgment will almost certainly be wrong. Isn't an accurate description of an information cascade one where the majority of participants do not have an independent ability to predict the outcome, and are further largely relying on others with the same deficiency?

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comments are moderated, and will not appear until the author has approved them.