Collective Wisdom: Principles and Mechanisms (Paperback) (ISBN-13: 9781107630277)

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.

Author: H駘鈩e Landemore
ISBN-10: 1107630274
ISBN-13: 9781107630277
Publisher: Cambridge University Press
Language: English
Published: 05/01/2014
Pages: 420
Format: Paperback
Weight: 1.41lbs
Size: 9.21h x 6.14w x 0.93d