Tag Archives: Rick Santorum


When stupid beats smart: the power of collective ignorance

Posted on March 21, 2012 by Ville Miettinen

… Secondly, the experiment doesn’t show that ignorance is more effective than expertise (Sorry, Rick Santorum, I didn’t mean to get your hopes up). The most important conclusion for our industry is the fact that crowds are capable of incorporating a broad range of factors in their decision-making, whether they are conscious of it or not.

But that’s not all that this experiment has to teach us. The fact that a properly designed crowd of amateurs can make better predictions than …

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

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