Tag Archives: List of cognitive biases

When stupid beats smart: the power of collective ignorance

Posted on by Ville Miettinen

The human brain is an amazing thing. A few pounds of gray matter has taken us from eating bananas in the trees to walking on the moon (it’s also brought us LOLcats, the Car Laptop Tray and Maailmanennätys muurahaispesässä, but still: the moon). With our heads filled with crackling synapses, it’s easy to feel smug about our computational prowess.

But if the history of neurological research has shown anything, it’s that our brains …

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

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Work could heal the mind: microtasking from a cognitive perspective

Posted on by Katri Saarikivi

Recent studies of cognitive disorders have found that basic cognitive exercises can help to restore the level of cognitive processing. In this article guest writer Katri Saarikivi discusses how task based work, and in particular microtasks, offer exciting opportunities for not only the treatment of cognitive dysfunction, but also reducing lost productivity in the workplace.

Cognitive difficulties in …

Tags: cognitive exercising mental health microtasks task-based work therapy work


Confidence tricks: can crowdsourcing keep our feet on the ground?

Posted on by Ville Miettinen

… ), or setting the treadmill too fast and ending up in a spluttering heap on the gym floor, most of us can relate to its sentiment.

But misplaced confidence can go beyond slapstick, with devastating consequences. The Deepwater Horizon oil spill and the continued resistance to tackling climate change are arguably two such examples.

Don’t worry, I know what I’m doing

But what makes us overconfident in our judgments? And what keeps those with valuable knowledge in the background? …

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Every murder draws a crowd: Homicide Watch DC

Posted on by Ville Miettinen

… “Homicide Watch DC” sounds like a cop drama, and to be honest it’s got the makings of a police procedural (especially for those of us familiar with the 5th season of The Wire ). Instead Homicide Watch is a crowdfunded, crowdsourced reporting project, covering every homicide in the District of Colombia.

This claim is so bold as to almost be suspect. More than a hundred people are murdered in the US capital every year. That’s a huge number of stories, requiring an awful …

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Predicting the Facebook IPO: The crowd gets it wrong

Posted on by Ville Miettinen

An excess of confidence can be a dangerous thing. As Mark Zuckerberg ponders the jagged descent of Facebook’s share price and industry analysts scramble to explain the social network’s woes, the aura of optimism that heralded the Facebook IPO has evaporated.

So how did it all go so wrong? One clue may lie in the crowdsourced prediction site FacebookIPODayClosingPrice.com. The site was created in …

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