This link has been bookmarked by 15 people . It was first bookmarked on 07 Jun 2006, by Erik Stattin.
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31 Dec 17
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30 Mar 10
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1. Diversity. A group with many different points of view will make better decisions than one where everyone knows the same information
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2. Independence. "People's opinions are not determined by those around them."
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3. Decentralization. "Power does not fully reside in one central location, and many of the important decisions are made by individuals based on their own local and specific knowledge rather than by an omniscient or farseeing planner."
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4. Aggregation. You need some way of determining the group's answer from the individual responses of its members.
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13 Jan 09
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21 Jul 08
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11 Nov 07
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07 Jun 06
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03 Feb 06
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The wisdom of crowds you say? As Surowiecki explains, yes, but only under the right conditions. In order for a crowd to be smart, he says it needs to satisfy four conditions: 1. Diversity. A group with many different points of view will make better decisions than one where everyone knows the same information. ... 2. Independence. "People's opinions are not determined by those around them." ... 3. Decentralization. "Power does not fully reside in one central location, and many of the important decisions are made by individuals based on their own local and specific knowledge rather than by an omniscient or farseeing planner." ... 4. Aggregation. You need some way of determining the group's answer from the individual responses of its members. ... A better way to harness a group for the purpose of designing something would be for the group's opinion to be aggregated by an individual who is skilled at incorporating differing viewpoints into a single shared vision ...
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The wisdom of crowds you say? As Surowiecki explains, yes, but only under the right conditions. In order for a crowd to be smart, he says it needs to satisfy four conditions: 1. Diversity. A group with many different points of view will make better decisions than one where everyone knows the same information. ... 2. Independence. "People's opinions are not determined by those around them." ... 3. Decentralization. "Power does not fully reside in one central location, and many of the important decisions are made by individuals based on their own local and specific knowledge rather than by an omniscient or farseeing planner." ... 4. Aggregation. You need some way of determining the group's answer from the individual responses of its members. ... A better way to harness a group for the purpose of designing something would be for the group's opinion to be aggregated by an individual who is skilled at incorporating differing viewpoints into a single shared vision ...
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17 Dec 04
Seb PaquetThe wisdom of crowds you say? As Surowiecki explains, yes, but only under the right conditions.
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23 Aug 04
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The wisdom of crowds you say? As Surowiecki explains, yes, but only under the right conditions. In order for a crowd to be smart, he says it needs to satisfy four conditions:
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1. Diversity. A group with many different points of view will make better decisions than one where everyone knows the same information.
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2. Independence. "People's opinions are not determined by those around them." AKA, avoiding the circular mill problem.
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3. Decentralization. "Power does not fully reside in one central location, and many of the important decisions are made by individuals based on their own local and specific knowledge rather than by an omniscient or farseeing planner." The open source software development process is an example of effect decentralization in action.
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4. Aggregation. You need some way of determining the group's answer from the individual responses of its members. The evils of design by committee are due in part to the lack of correct aggregation of information.
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Each person's guess, you might say, has two components: information and error. Subtract the error, and you're left with the information.
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