What is an informational cascade? A) An excess flow of market informa

What is an informational cascade?

A) An excess flow of market information that makes it difficult for an investor to form a rational decision.
B) A continual decline in the quality of market information from public sources due to sequential budget cuts.
C) A continual increase in the quality of market information from public sources due to broader use of the internet by market participants.
D) A sequence of decisions based on the actions of others rather than fundamental information.

ANSWER

D