| Description |
1 online resource (422 pages) |
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text file |
| Contents |
Cover; Collective Wisdom: Principles and Mechanisms; Title; Copyright; Contents; Contributors; Collective Wisdom: Old and New; COLLECTIVE WISTOM; Wisdom and Truth; Principles and Mechanisms; A REVIEW OF THE ESSAYS; AN INTRODUCTION TO THE ESSAYS; Bibliography; 1: Prediction Markets; INTRODUCTION; PREDICTION MARKET DESIGN; A Classic Design: Binary Contracts; Rational Trading Behavior; To Profit: Be Right, Before Others; Market Price as Consensus; An Example; Binary Contract Price = Event Probability; Other Designs: Index Contracts and Winner-Take-All Markets. |
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EVIDENCE OF MARKET PREDICTION ACCURACYPrice-Probability Calibration; Political Markets versus Polls; Markets versus Individual Experts; Enterprise Markets versus Official Company Forecasts; WHAT DRIVES MARKET PREDICTION ACCURACY?; Irrational Trading; Market Makers; Its Not about the Market Mechanism Itself; Attracting Diversity; Promoting Objectivity; CONCLUSION; References; 2: Designing Wisdom through the Web: Reputation and the Passion for Ranking; INTELLIGENCE, WISDOM, TRADITION, AND REPUTATION; COLLECTIVE INTELLIGENCE OUT OF INDIVIDUAL CHOICES; The Internet and the Web. |
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The Web, Collective Memory, and Meta-MemoryCOLLABORATIVE FILTERING: WISDOM OUT OF ALGORITHMS; Knowledge Management Systems; PageRank; REPUTATION SYSTEMS: WISDOM OUT OF STATUS ANXIETY; OPEN COLLABORATIVE SYSTEMS: WISDOM OUT OF COOPERATION; SHARING FOLKSONOMIES: WISDOM OUT OF TAGGING INFORMATION; CONCLUSIONS; References; 3: Some Microfoundations of Collective Wisdom; THE STATISTICAL MODEL OF COLLECTIVE WISDOM; Statistical Model Results; THE COGNITIVE MODEL OF COLLECTIVE WISDOM; Interpreted Signals; SOPHISTICATION AND DIVERSITY IN COGNITIVE MODELS; DISCUSSION; References. |
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4: What Has Collective Wisdom to Do with Wisdom?WISDOM OF CROWDS AND COLLECTIVE COGNITIVE PROCESSES; RATIONALITY, INTELLIGENCE, AND WISDOM; Rationality; Intelligence; The Link between Rationality and Intelligence; Wisdom; INTELLIGENCE AND WISDOM IN COLLECTIVE COGNITIVE PROCESS; Collective Intelligence; Collective Wisdom; References; 5: Legislation, Planning, and Deliberation; INTRODUCTION; An Example; PLANS AND LEGISLATION; GROUP INTENTIONS: TWO THEORIES; A THEORY OF LEGISLATIVE INTENTION; LEGISLATIVE DELIBERATION; Impure Deliberation; Pure Deliberation; DISCUSSION. |
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6: Epistemic Democracy in Classical Athens: Sophistication, Diversity, and Innovation1. INTRODUCTION: A SUCCESSFUL EPISTEMIC DEMOCRACY; II. CONDITIONS FOR KNOWLEDGE AGGREGATION; III. CLEISTHENES' REFORMS: DEMES AND TRIBES AS SOCIAL NETWORKS; IV. THE COUNCIL OF 500: STRUCTURAL HOLES AND BRIDGING TIES; V. ORGANIZATIONAL AND INDIVIDUAL LEARNING; VI. CONCLUSIONS; Bibliography; 7: The Optimal Design of a Constituent Assembly; I. INTRODUCTION; II. INTEREST, REASON, AND PASSION; III. THE TASK OF THE CONSTITUENT ASSEMBLY; IV. THE OPTIMAL SIZE AND DURATION OF A CONSTITUENT ASSEMBLY. |
| Note |
V. THE OPTIMAL LOCATION OF THE CONSTITUENT ASSEMBLY. |
| Summary |
The contributors to this volume discuss and for the most part challenge whether many minds can be wiser than one. |
| Bibliography |
Includes bibliographical references and index. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Group decision making.
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Group decision making. |
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Social choice.
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Social choice. |
| Genre/Form |
Electronic books.
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| Added Author |
Elster, Jon, 1940-
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| Other Form: |
Print version: Landemore, Hélène. Collective Wisdom : Principles and Mechanisms. Cambridge : Cambridge University Press, ©2012 9781107010338 |
| ISBN |
9781139528290 |
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1139528297 |
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9780511846427 |
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0511846428 |
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9781139525909 |
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1139525905 |
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9781107010338 |
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1107010330 |
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