Tag Archives: crowds

Wisdom about crowds

Read To model the behaviour of humans en masse, treat them as people, not molecules. The behaviour of crowds is sometimes unpredictable and occasionally deadly, but there is good reason to believe it is governed by simple rules. Presumably, like … Continue reading

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How social influence can undermine the wisdom of crowd effect

Read Social groups can be remarkably smart and knowledgeable when their averaged judgements are compared with the judgements of individuals. Already Galton found evidence that the median estimate of a group can be more accurate than estimates of experts. This … Continue reading

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Networks, Crowds, and Markets: Reasoning About a Highly Connected World

Read Over the past decade there has been a growing public fascination with the complex connectedness of modern society. This connectedness is found in many incarnations: in the rapid growth of the Internet, in the ease with which global communication … Continue reading

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The Wisdom of Crowds

The Wisdom of Crowds While our culture generally trusts experts and distrusts the wisdom of the masses, Surowiecki argues that “under the right circumstances, groups are remarkably intelligent, and are often smarter than the smartest people in them.” To support … Continue reading

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The Crowds – A Study of the Popular Mind

Read Read also – The Psychology of Revolution The following work is devoted to an account of the characteristics of crowds. The whole of the common characteristics with which heredity endows the individuals of a race constitute the genius of … Continue reading

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