Tag Archives: James Surowiecki
How the bandwagon wrecked the wisdom of market crowds
In a desperate attempt to save his theory of the “wisdom of crowds” – the bedrock of the prediction markets, Surowiecki does the previously unthinkable and refers to “the folly of crowds.” (a phrase I myself have used in the past in response to Surowiecki’s arguments).
Concluding his article, Surowiecki has what we may term an [...]
James Surowiecki’s Wisdom Of Crowds at TED 2008
About the rise of social media since 2005…
Was the wreck of the USS Scorpion discovered thanks to collective intelligence?
Part 2 – (Previously: part 1)
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Blind Man’s Bluff: The Untold Story of American Submarine Espionage:
On May 27, 1968 USS Scorpion was reported missing with ninety-nine men on board. Nobody had any idea where Scorpion was or what had happened to her. All they knew was that the 3,500 ton nuclear attack submarine was due back [...]
Was the wreck of the USS Scorpion discovered thanks to collective intelligence?
Wikipedia on the USS Scorpion (SSN-589):
The search
A public search was initiated, but without immediate success and on 5 June, Scorpion and her crew were declared “presumed lost.” Her name was struck from the Naval Vessel Register on 30 June. Some recent reports now indicate that a large and secret search was launched 3 days before [...]
Michael Weiss of Gawker is misinformed about the wisdom of crowds.
His Jason Calacanis-inspired critique of The Wisdom Of Crowds is an abyssal nullity.
James Surowiecki is a great thinker, and the principles behind the wisdom of crowds are effective. (see point #3.)
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James Surowiecki, author of The Wisdom of Crowds, sums up his book.
Video #1
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Video #2
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James Surowiecki, author of The Wisdom of Crowds, talks to the Midas Oracle readers.
James Surowiecki – Short video
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James Surowiecki was in Texas (Michael Giberson’s new land), yesterday, spinning educators (interested in technology) about prediction markets and collective intelligence.
National Educational Computing Conference (“the premier forum in which to learn, exchange, and survey the field of educational technology“)
Classic stuff about the wisdom of crowds, but people enjoyed it.
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“Since 2005, the Commission’s staff has received a substantial number of requests for guidance on the propriety of offering and trading financial agreements that may primarily function as information aggregation vehicles.”
“Since 2005″…
Interesting…
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2003: Robin Hanson’s PAM ends up on newspaper frontpages… – [That's when I got started in prediction markets.]
2004: James Surowiecki launches “The Wisdom Of Crowds”…
2004: InTrade-TradeSports popularize “Bush Re-Election” prediction markets…
2005: Wannabe prediction market entrepreneurs begin to question the CFTC about the regulation of real-money prediction markets…
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What I find interesting here is the time [...]
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