Tag Archives: Hertwig

When stupid beats smart: the power of collective ignorance

Posted on by Ville Miettinen

… that collective reasoning is any better?

Thankfully, researchers Stefan M. Herzog and Ralph Hertwig have investigated this very question, and set out to challenge Thomas Carlyle’s observation that “I do not believe in the collective wisdom of individual ignorance.” We’ve written before about the dangers of overestimating your own ability, but what if our stupidity is our secret weapon?

Stupid is as stupid does?

Herzog and Hertwig designed a novel experiment to compare …

Tags: crowdfunding crowdsourcing Hertwig List of cognitive biases microtask microwork Ralph Hertwig Rick Santorum Tennis Thomas Carlyle Wikipedia

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