madness is rare in individuals but in groups, parties,... - Deepstash

madness is rare in individuals but in groups, parties, national and ages it is the rule.

पागलपन व्यक्तियों में दुर्लभ है लेकिन समूह, पार्टियों, राष्ट्रीय और युगों में यह नियम है।

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Madness of crowds

Madness of crowds

Madness is rare in individuals, but in groups, parties, nations, it is the rule.

- Nietzsche

Improving our collective intelligence

  • We should take account of not just the most popular opinion, but also other minority opinions.
  • Stimulating independent thought in individuals may reduce the risk of collective madness. Dividing a group into sub-groups or breaking down a task into small easy steps promotes flexible...

Group decisions are not risk-free

  • Groups are better equipped than individuals to recognize an answer as correct. But, when the whole group is susceptible to similar biases, groups are inferior to individuals.
  • Polarization can occur in groups. One major bias in risky decision making is optimism, while doubts are sup...

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