PulseExploreJournal ClubDebatesTrendingResearchersJournals
Instagram
HomeExploreJournal ClubTrending
Synapse
⌘+K
Synapse
October 3, 20250 citationsOpen Access

False Cascades and the Cost of Truth

View Full Paper
GLGeorgy LukyanovDCDarina Cheredina

Key Points

  • False cascades can persist or be overturned based on the investigation cutoff and prevailing consensus.
  • An investigation cutoff determines if a wrong cascade at the boundary has a chance of being corrected.
  • Social learning involves agents observing public histories and receiving private signals in their decision-making.
  • The study introduces a resilience frontier that outlines how actions affect the dynamics of social verification.

Abstract

We study sequential social learning when agents can sometimes pay to verify a claim and obtain hard, publicly checkable evidence. Each agent observes the public history, receives a private signal, may investigate at a cost (succeeding only when the claim is true), and can disclose or conceal any proof. Actions are binary or continuous, with a conformity pull toward the prevailing consensus. We characterize when false cascades persist and when societies self-correct. In the binary benchmark, we derive an investigation cutoff and show how its location relative to classic cascade bands governs breakability; a simple knife-edge condition guarantees that any wrong cascade at the boundary is overturned with positive probability. With continuous actions, coarse observation and conformity can recreate cascades, yet occasional disclosures collapse them. These forces yield a tractable "resilience frontier" with transparent comparative statics and policy levers.

Ask AI
Helpful
Bookmark
Share
View Full Paper

Cite This Study

Lukyanov et al. (2025) studied this question.

synapsesocial.com/papers/68e02f40f0e39f13e7fa28c9https://doi.org/10.48550/arxiv.2508.20538
Ask AI
Helpful
Bookmark
Share
View Full Paper