61. Conformity and cascades A is more likely to adopt a new idea spreading through the network as compared to B
62. Information cascades An idea originating from ‘a’ cascades to b, c and h when the conformity threshold is 0.5. It never cascades to ‘d’ because d is under pressure to conform to status quo from e, f and g.
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74. The power-law network is hence an optimal network topology in frictionless transactions arising out of a number of individual decisions aiming to maximize value and minimize uncertainty!