The Limits of Crowd Wisdom
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.
SIMILAR ARTICLES & IDEAS:
After a particularly stressful event, most people prepare for a repeat of the same challenge they just faced. From the micro level to the macro level, we succumb to the availability bias and get re...
When a certain disaster or calamity happens, we work towards ensuring that the same calamity can be dealt with in the better way, the next time it happens. The pain or loss that we suffer motivates us to do so.
We forget in our preparation and resource allocation to the ‘last’ disaster, that we have neglected many other things that are more likely to happen.