The Limits of Crowd Wisdom - Deepstash
The Limits of Crowd Wisdom

The Limits of Crowd Wisdom

Curated from: fs.blog

Ideas, facts & insights covering these topics:

4 ideas

·

2.19K reads

8

Explore the World's Best Ideas

Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.

Collective Intelligence

Collective Intelligence

While looking for solutions and answers, we find that an individual provides a different answer than a group of people. Wisdom of the crowd is often considered better, as an individual might be biased, manipulated or have some ulterior motive. Depending on the problem, the wisdom of the crowd may be inferior to the individual.

159

702 reads

One Brain Vs Many Brains

Multiple brains work well when the answer is a simple numerical figure or fact, and the question is not coming from the collective intelligence themselves. It helps when the input mechanism posing the problem to the collective intelligence has strict quality control.

Individuals, when given substantial powers, start to achieve ‘optimal stupidity’, especially when they are not held accountable for the results and consequences.

156

507 reads

Peer Review

Scientific communities make good use of the peer-review process (individuals checking each other) to achieve quality on the basis of a meritocracy.

No mechanism is fool-proof, with bad reporting, incompetency and self-delusion among many individual contributors diminishing the quality of the solutions.

140

520 reads

The Hive Mind

It is now more accessible due to the internet and to get optimal results, there has to be certain checks and balances:

  • Members of the crowd should not be the ones forming and framing a question.
  • Answers should be limited to a single number or a multiple-choice answer.
  • Complex problems with unknown outcomes are the ‘Fourth Quadrant’ and should not be solved by crowds.

144

464 reads

IDEAS CURATED BY

antoniov

"Try not to be a man of success, but a man of value." - Albert Einstein

Antonio V.'s ideas are part of this journey:

Joining A New Team

Learn more about problemsolving with this collection

How to establish a positive team culture

How to collaborate effectively

How to build trust with a new team

Related collections

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates