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The Limits of Crowd Wisdom

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.

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IDEA EXTRACTED FROM:

The Limits of Crowd Wisdom

The Limits of Crowd Wisdom

https://fs.blog/2012/10/the-limits-of-crowd-wisdom/

fs.blog

4

Key Ideas

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.

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.

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.

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.

SIMILAR ARTICLES & IDEAS:

Guru Madhavan

"The core of the engineering mind-set is what I call modular systems thinking. It’s not a singular talent, b..."

Guru Madhavan

Thinking in Systems

It means to be able to break down a big system into its sections and putting it back together. The target is to identify the strong and weak links: how the sections work, don’t work, or could potentially work and applying this knowledge to engineer useful outcomes.

There is no engineering method, so modular systems thinking varies with contexts.

Fundamental Properties of the Engineering Mind-Set

  • The ability to see a structure where there’s nothing apparent.
  • Adeptness at designing under constraints.
  • The capacity to hold alternative ideas in your head and make considered judgments.

Innovation at work

Innovation at work

When you look at great geniuses like Newton, for example, it can be easy to imagine that their ideas and work came exclusively out of their minds. But that is seldom how it works.

Innovatio...

Everyone gets a lift up

We get to see further than our predecessors, not because we have a greater vision or greater height, but because we are lifted on their gigantic stature.

There are giants in every field. Don't let them intimidate you. Take from anywhere that resonates with you and inspires or fuels your imagination. Build upon it and improve it. Doing this will make your work authentic. Authenticity is invaluable; originality is non-existent.

The "Not invented here" syndrome

'Not invented here syndrome' is a term for situations when we avoid using ideas, products, or data created by someone else, and instead develop our own even if it is more expensive, time-consuming, and of lower quality.
The syndrome can also show up as a reluctance to delegate work.
Creating a new solution may be more exciting, but new solutions create new problems.

    5 more ideas

    Inner, other and outer focus

    Inner, other and outer focus

    We need three kinds of focus:

    • Inner focus guides our values and decisions.
    • Other focus smooths our...

    Continual partial attention

    We increasingly find it difficult to focus on the hear and now without checking our phones. We seem to go through life in a state of "continual partial attention." We're there but not aware of where we put our attention.

    While modern technology has its advantages, our attention span is suffering. Teachers are noticing that current students find it hard to read books that previous students used to enjoy. Teachers think that students' ability to read has been compromised by short text messages and video games.

    Two main varieties of distractions

    • Sensory: We can more easily tune out from sensory distractions. For example, the feel of your tongue against your upper palate is an incoming stimuli your brain weeds out.
    • Emotional distraction is more difficult to tune out. When you overhear someone mention your name, it's almost impossible to ignore.

    Those who focus best are relatively immune to emotional disturbance.

    one more idea