Tag Archives: The Wisdom Of Crowds

Peter Thiel: The wisdom of crowds has been very overated. If you’re libertarian, you should be skeptical of the wisdom of crowds. – [SHOTGUN ANALYSIS]

0:47:15 into the video I posted 5 minutes ago.

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The miracle of information aggregation and prediction accuracy

Philip Tetlock interviewed (last year): IDEAS: Any individual expert is likely to be wrong. What happens when you put a bunch of them in the same room? Does the consensus come up with a better prediction than the individual? TETLOCK: … Continue reading

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Wisdom of Crowds… or… Folly of Crowds…?…

Via Niall O’Connor of Betting Market, James Surowiecki: So if the folly of crowds got us here, is there any hope for using the wisdom of crowds to get us out? I’m hesitant to offer any forecast that would be … Continue reading

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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 … Continue reading

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James Surowiecki’s Wisdom Of Crowds at TED 2008

About the rise of social media since 2005…

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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 – 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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ABC 20/20 — A good (but servile) explainer on the wisdom of crowds and the prediction markets

ABC 20/20 featuring InTrade – (May 9, 2008) Foretelling The Future: Online Prediction Markets — (4 pages in all) ABC video YouTube video – Not a single word about InTrade-TradeSports fucking up its traders during the North Korea Missile episode. … Continue reading

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McKinsey: The Promise Of Enterprise Prediction Markets

McKinsey: The Promise Of Prediction Markets With Bo Cowgill (Google) and James Surowiecki (The Wisdom Of Crowds). Registration needed. This is the transcript of the roundtable of the recent McKinsey conference at Dubai, United Arab Emirates. I’ll excerpt this document, … Continue reading

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