Tag Archives: Wisdom of Crowds

Designed intelligence: how experts can help the crowd

Posted on by Ville Miettinen

What is wisdom? It seems like a simple question, but as any Dungeons and Dragons player knows, there is a difference between wisdom and intelligence. Legendary D&D creator (and awesomely named dude) Gary Gygax explained the distinction: Intelligence is noticing that it’s raining. Wisdom is putting up an umbrella.

The wisdom of crowds effect has been on a turbulent journey over the last …

Tags: Aggregative Contingent Estimation Central Intelligence Agency CIA crowdsourcing Gary Gygax intelligence Mark Lowenthal microtask microwork State Department Wisdom of Crowds

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Rate me baby one more time: crowdsourcing the perfect song

Posted on by Ville Miettinen

… Time’ managing to be both the all-time most requested song on US radio as well as an instrument of torture used at Guantanamo Bay (along with ‘I Love You,’ the theme from Barney the Dinosaur, which would make me crack within seconds).

Thanks to the internet, we now have access to more music than ever before, and unless we’re trapped in a military prison, we can listen to whatever we want. iTunes lists a bewildering array of genres, from Neo-Medieval Disco to Japanoise to Pirate …


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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Power from the people: crowdsourcing the constitution

Posted on by Ville Miettinen

To a crowdsourcing evangelist like me, the idea of a crowdsourced nation sounds like heaven on earth. Just think: a country where the wisdom of crowds trumps the ulterior motives of politicians, and the people rule supreme. But despite my limitless optimism, I can’t help thinking that the people are also responsible for littering, traffic jams and the career of Justin Bieber. Just how effective could a crowdsourced constitution be?

Rip it …

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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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