Wiser Than You Think

The Crowd and The Life of Brian

Here at Network Address we've been interested in wisdom of the crowds for some time now. But as evidence like this starts to come out more, I wonder how much of this "wisdom of the crowds" thing has actually already been optimized by a kind of democratic voting system that we already have in place in a lot of developed countries? Like, have we known about Galton's ex-weighing trick for centuries and that's the reason why we vote the way we do? And we're just re-learning it again now because of an advance in technology?

And on the other hand, can we just translate all this to AI, because you know, they might do it better than us. (They?)

Crowds within crowd found to outperform 'wisdom of the crowd'
Jan 2018, phys.org


Post Script

The Wisdom of Crowds
James Surowiecki, 2004

Swarm A.I. Correctly Predicts the Kentucky Derby, Accurately Picking all Four Horses of the Superfecta at 540 to 1 Odds
Yahoo Finance, April 2016