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 might nonetheless were a mob." The participants to this quantity talk about and for the main half problem this declare through contemplating stipulations lower than which many minds might be wiser than one. With backgrounds in economics, cognitive technological know-how, political technology, legislations, and historical past, the authors contemplate details markets, the net, jury debates, democratic deliberation, and using range as mechanisms for bettering collective judgements. even as, they give thought to voter irrationality and paradoxes of aggregation as very likely undermining the knowledge of teams. Implicitly or explicitly, the amount additionally deals tips and warnings to institutional designers.

Show sample text content

Download sample