Thomas Malone is a smart man, and his institution is a great idea. But I can’t stand that:
Solving Climate Change with CrowdSourcing
I am fed up with the academics who are overselling the wisdom of crowds. Enough already.
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This concept seems to be more like an electronic suggestion box, not unlike those being tried in a variety of enterprises. If we keep in mind that they are not prediction markets, but rather examples of collective intelligence, I don’t see the harm.
Now, if someone was running a prediction market to forecast actual climate change, that would be ridiculous.