I wrote:
My feeling is that [Condorcet] was saying that a jury of 12 would be more
accurate in its processing of the facts they were given -- to make a
_binary decision_ (guilty/not guilty) -- than would be a
jury of 1 or 6, assuming that one of the two verdicts is actually valid.
It's like
Jim D. wrote:
I think that profit-max is a better description of firms than
utility-max is as a description of people.
Again, I think the dominant view ignores alternative approaches.
If capitalism is a social system whose characteristic relations
generate psychopathology i.e. some degree of
I wrote:
I think that profit-max is a better description of firms than
utility-max is as a description of people.
Again, I think the dominant view ignores alternative approaches.
If capitalism is a social system whose characteristic relations
generate psychopathology i.e. some degree
What I know of Taylor as a person comes from the long, One Best Way book. He was
firmly aligned with the progressive movement. He did not seem crazy, but he
certainly had personality defects. He saw himself as helping worker to gain a better
life.
I don't think that craziness is relevant to
Michael Perelman wrote:
I don't think that craziness is relevant to the evaluation of a
person. I would not
change my mind about Bush if someone convinced me that he were
mentally unbalanced or
if he were healthy. At the same time, I think that mental states are
relevant in
forgiving people.
I
was throwing more weight behind the collective wisdom idea (and then, as
Ted may have noticed, criticizing it).
My feeling is that C was saying that a jury of 12 would be more accurate in its
processing of the facts they were given -- to make a _binary decision_ (guilty/not
guilty) -- than would
Jim wrote:
My feeling is that C was saying that a jury of 12 would be more
accurate in its processing of the facts they were given -- to make a
_binary decision_ (guilty/not guilty) -- than would be a jury of 1 or
6, assuming that one of the two verdicts is actually valid. It's like
saying two
NY Times Book Review, May 22, 2004
'The Wisdom of Crowds': Problem Solving Is a Team Sport
By SCOTT McLEMEE
THE WISDOM OF CROWDS
Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes
Business, Economics, Societies, and Nations.
By James Surowiecki.
296 pp. New York: Doubleday
James Surowieki wrote:
Generations of advertisers and business gurus have banked on the
premises of Sigmund Freud's ''Group Psychology and the Analysis of the
Ego,'' a slender volume with a big argument: when people assemble en
masse, all the raw material making up the individual psyche (libido,
James Surowieki wrote:
Generations of advertisers and business gurus have banked on the
premises of Sigmund Freud's ''Group Psychology and the Analysis of the
Ego,'' a slender volume with a big argument: when people assemble en
masse, all the raw material making up the individual psyche (libido,
: Louis Proyect [mailto:[EMAIL PROTECTED]
Sent: Sun 5/23/2004 9:44 AM
To: [EMAIL PROTECTED]
Cc:
Subject: [PEN-L] Collective wisdom
NY Times Book Review, May 22, 2004
'The Wisdom of Crowds': Problem Solving Is a Team Sport
Jim Devine wrote:
In his classical contribution Condorcet (1785) described a committee
as a mechanism that eciently aggregates decentralized information.
In his famous jury theorem he argues that (i) increasing the number
of informed committee members raises the probability that an
appropriate
I am just now getting started on getting caught up on my back reading.
Daniel Kahneman's Nobel lecture (American Economic Review, December 2003) is
relevant to this article and he distinguishes between two types of mental
process: reasoning and intuition. One works on an emotional level; the
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