surowiecki

surowiecki - the wisdom of crowds

//The Wisdom of Crowds: Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes Business (wikipedia)//

According to Surowiecki, these key criteria separate wise crowds from irrational ones: - [|wikipedia]
 * Diversity of opinion**: Each person should have private information even if it's just an eccentric interpretation of the known facts.
 * Independence**: People's opinions aren't determined by the opinions of those around them.
 * Decentralization**: People are able to specialize and draw on local knowledge.
 * Aggregation**: Some mechanism exists for turning private judgments into a collective decision.

Another view by [|Charles Nelson], he quotes [|Edwin Hutchins] confirmation bias, "a propensity to affirm prior interpretations and to discount, ignore, or reinterpret evidence that runs counter to an already-formed interpretation"