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Collective Wisdom
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Collective Wisdom : Principles and Mechanisms

Book Details

Format Hardback or Cased Book
ISBN-10 1107010330
ISBN-13 9781107010338
Publisher Cambridge University Press
Imprint Cambridge University Press
Country of Manufacture US
Country of Publication GB
Publication Date Jul 16th, 2012
Print length 418 Pages
Weight 75 grams
Dimensions 24.00 x 16.30 x 3.10 cms
Product Classification: Philosophy: epistemology & theory of knowledge Social & political philosophy Politics & government
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James Madison wrote, 'Had every Athenian citizen been a Socrates, every Athenian assembly would still have been a mob'. The contributors to this volume discuss and for the most part challenge this claim by asking whether many minds can be wiser than one.
James Madison wrote, ''Had every Athenian citizen been a Socrates, every Athenian assembly would still have been a mob''. The contributors to this volume discuss and for the most part challenge this claim by considering conditions under which many minds can be wiser than one. With backgrounds in economics, cognitive science, political science, law and history, the authors consider information markets, the internet, jury debates, democratic deliberation and the use of diversity as mechanisms for improving collective decisions. At the same time, they consider voter irrationality and paradoxes of aggregation as possibly undermining the wisdom of groups. Implicitly or explicitly, the volume also offers guidance and warnings to institutional designers.

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