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Does wisdom require markets?

The Midas Oracle choir — I include myself here — preaches markets as the best way to tap wisdom in crowds. Markets force people to put money where their mouths are. Markets impose a Darwinism on accuracy. Markets are efficient. … Continue reading

Posted in All Best Posts Ever, All Guest Authors's Posts, Analysis (Accuracy & Precision), Analysis (Meta), Collective Intelligence - Wisdom Of Crowds, Exchanges & Markets, Forecasting (Science & Practice) | Tagged , , , , , | 11 Comments