Comments on: The Wisdom of Crowds http://justaddwater.dk/2006/04/07/the-wisdom-of-crowds/ Instant Usability & Web Standards Fri, 30 Jul 2010 00:31:00 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: justaddwater.dk | Wisdom of Crowds: How Prediction Markets Work http://justaddwater.dk/2006/04/07/the-wisdom-of-crowds/comment-page-1/#comment-4812 justaddwater.dk | Wisdom of Crowds: How Prediction Markets Work Mon, 12 Jun 2006 08:39:20 +0000 http://justaddwater.dk/2006/04/07/the-wisdom-of-crowds/#comment-4812 [...] The Wisdom of Crowds by James Surowiecki digs into that phrase and gives excellent examples of how it can be used on the web. I wrote about it earlier after hearing James Surowiecki on MP3 from SxSW. [...] [...] The Wisdom of Crowds by James Surowiecki digs into that phrase and gives excellent examples of how it can be used on the web. I wrote about it earlier after hearing James Surowiecki on MP3 from SxSW. [...]

]]> By: Jesper Rønn-Jensen http://justaddwater.dk/2006/04/07/the-wisdom-of-crowds/comment-page-1/#comment-2120 Jesper Rønn-Jensen Fri, 07 Apr 2006 13:14:27 +0000 http://justaddwater.dk/2006/04/07/the-wisdom-of-crowds/#comment-2120 <blockquote>Anyway thanks for surfacing this - it’s most thought-provoking.</blockquote> Yes indeed, Barry. I really must sat that it's good intellectual massage! I've heard the audio presentation four times, and every time I hear it I feel a little less smart. I mean, this is really hard-to-understand stuff for me.

Anyway thanks for surfacing this – it’s most thought-provoking.

Yes indeed, Barry. I really must sat that it’s good intellectual massage! I’ve heard the audio presentation four times, and every time I hear it I feel a little less smart. I mean, this is really hard-to-understand stuff for me.

]]> By: Barry Welford http://justaddwater.dk/2006/04/07/the-wisdom-of-crowds/comment-page-1/#comment-2119 Barry Welford Fri, 07 Apr 2006 12:50:41 +0000 http://justaddwater.dk/2006/04/07/the-wisdom-of-crowds/#comment-2119 As a statistician I should relate to anything based on the power of averages, I guess. However I think it's important to know when the crowd is likely to be right and when it's likely to be wrong. If very strange or unexpected circumstances come up, then you may want to listen to the mavericks in the group. You've also got to set up the right environment so that you don't suppress those mavericks. We're all aware of those lemmings or the Gadarene swine after all. Anyway thanks for surfacing this - it's most thought-provoking. As a statistician I should relate to anything based on the power of averages, I guess. However I think it’s important to know when the crowd is likely to be right and when it’s likely to be wrong. If very strange or unexpected circumstances come up, then you may want to listen to the mavericks in the group. You’ve also got to set up the right environment so that you don’t suppress those mavericks. We’re all aware of those lemmings or the Gadarene swine after all.

Anyway thanks for surfacing this – it’s most thought-provoking.

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