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Information cascade
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== Globalization == One informational cascade study compared thought processes between Greek and German organic farmers, suggesting discrepancies based upon cultural and socioeconomic differences.<ref>{{cite journal |last1=Chatzimichael |first1=Konstantinos |last2=Genius |first2=Margarita |last3=Tzouvelekas |first3=Vangelis |title=Informational cascades and technology adoption: Evidence from Greek and German organic growers |journal=Food Policy |date=December 2014 |volume=49 |pages=186β195 |doi=10.1016/j.foodpol.2014.08.001 |url=http://economics.soc.uoc.gr/wpa/docs/1102.pdf }}</ref> Even further, cascades have been extrapolated to ideas such as financial volatility and monetary policy. In 2004 Helmut Wagner and Wolfram Berger suggested cascades as an analytical vehicle to examine changes to the financial market as it became more globalized. Wagner and Berger noticed structural changes to the framework of understanding financial markets due to globalization; giving rise to volatility in capital flow and spawning uncertainty which affected central banks.<ref>{{cite journal |last1=Wagner |first1=Helmut |last2=Berger |first2=Wolfram |title=Globalization, Financial Volatility and Monetary Policy |journal=Empirica |date=June 2004 |volume=31 |issue=2β3 |pages=163β184 |doi=10.1007/s10633-004-0915-4 |citeseerx=10.1.1.466.2938 |s2cid=53471608 }}</ref> Additionally, information cascades are useful in understanding the origins of terrorist tactics. When the attack by Black September occurred in 1972 it was hard not to see the similarities between their tactics and the Baader-Meinhof group (also known as the Red Army Faction [RAF]).<ref>{{cite book |last1=Passmore |first1=L. |title=Ulrike Meinhof and the Red Army Faction: Performing Terrorism |date=2011 |publisher=Springer |isbn=978-0-230-37077-7 |oclc=904285976 }}{{pn|date=March 2023}}</ref> All of these examples portray how the process of cascades were put into use. Moreover, it is important to understand the framework of cascades to move forward in a more globalized society. Establishing a foundation to understanding the passage of information through transnational and multinational organizations, and even more, is critical to the arising modern society.<ref>{{cite journal |last1=Hamlett |first1=Patrick W. |last2=Cobb |first2=Michael D. |title=Potential Solutions to Public Deliberation Problems: Structured Deliberations and Polarization Cascades |journal=Policy Studies Journal |date=November 2006 |volume=34 |issue=4 |pages=629β648 |doi=10.1111/j.1541-0072.2006.00195.x }}</ref> Summing up all of these points, cascades, as a general term, encompass a spectrum of different concepts. Information cascades have been the underlying thread in how information is transferred, overwritten, and understood through various cultures spanning from a multitude of different countries.<ref>{{cite journal |last1=Drezner |first1=Daniel W. |title=Weighing the Scales: The Internet's Effect On State-Society Relations |journal=The Brown Journal of World Affairs |date=2010 |volume=16 |issue=2 |pages=31β44 |jstor=24590907 }}</ref>
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