The Wisdom of Crowds posits 4 criteria for a crowd to be "wise":
http://tinyurl.com/mbmnb
Diversity, Independence, Decentralized, Mechanism for aggregation.
-- Owen
On Aug 1, 2008, at 12:11 PM, Douglas Roberts wrote:
> Couldn't disagree more. Examples of why, in my opinion, the aggregate
> assessment of human intelligence is highly inflated:
>
>
> 1. Bush. Elected. Twice. (Florida vote count issue
> notwithstanding).
> 2. Americans continuing to buy fuel hogging cars even after the
> warning
> supplied by the mid-70's oil crises, which gave clear indication
> of the
> impending global oil supply/demand tip-over point which we are now
> seeing.
> The ensuing 30 years between then and now could have intelligently
> been
> spent planning to prevent today's current oil market "crises".
> 3. General Motors, Ford: Instead of planning for the inevitable
> evolution
> of the petroleum-based market pricing realities, they continued
> along their
> stupid short-sighted plan of producing the fuel hogs that their
> stupid
> customers craved, instead of planning ahead for today's market, in
> which GM
> lost more than $15 billion this year. Ford was right behind,
> losing $9
> billion. There is now serious talk of GM facing bankruptcy as a
> direct
> result of their less-than-intelligent management leadership.
> 4. The Democratic party.
> 5. The Republican party.
> 6. Congress.
> 7. White supremacists.
> 8. Jerry Fallwell.
> 9. Jerry Fallwell's followers.
> 10. Fundamentalists (Christian, Muslim, Mormon: doesn't matter)
>
> I could go on, but it would be stupid to do so...
>
> --
> Doug Roberts, RTI International
> [EMAIL PROTECTED]
> [EMAIL PROTECTED]
> 505-455-7333 - Office
> 505-670-8195 - Cell
>
> On Fri, Aug 1, 2008 at 11:49 AM, Ann Racuya-Robbins
> <[EMAIL PROTECTED]>wrote:
>
>> II would say that the intelligence of most
>> people is grossly underrated.
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