Collective Wisdom: Principles and Mechanisms

Collective Wisdom: Principles and Mechanisms

Jon Elster, Hélène Landemore


James Madison wrote, "Had each Athenian citizen been a Socrates, each Athenian meeting could nonetheless were a mob." The individuals to this quantity speak about and for the main half problem this declare by way of contemplating stipulations below which many minds could be wiser than one. With backgrounds in economics, cognitive technological know-how, political technology, legislations, and heritage, the authors contemplate details markets, the web, jury debates, democratic deliberation, and using range as mechanisms for bettering collective judgements. even as, they think about voter irrationality and paradoxes of aggregation as probably undermining the knowledge of teams. Implicitly or explicitly, the amount additionally deals counsel and warnings to institutional designers.

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