"Wisdom of Crowds" is an Oxymoron
I'm now sitting in my second session that's centered on citizen journalism (the first one, focused more on a specific tool – this one, focused more on general concepts surrounding the evolution). There are a lot of people interested in what's happening around them; folks either want to be a part of it, or they want to be able to explain it to their co-workers. There's a democratization of content distribution and digestion unfolding, but there's also an overflow of said information. I came to one conclusion recently: “Wisdom of Crowds” is now an oxymoron. The bigger the mob, the dumber they are. What does that say about collections of connections? Citizen journalists believe that credentialed journalists get it wrong more often than not – and traditional journalists believe that amateur voices are wholly without reason. I hate to say it, but there's a bit of truth in both of those perspectives. We have groupthink infesting both sides of the equation. So, what do we need today? A better set of bozo filters.
Let me put it to you this way: just because I can apply a bandage, doesn't make me a doctor. *ahem*
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4 Comments
Anonymous
February 10th, 2006
at 11:06am
found this link at JD Lasica's site. seems to fit.
http://www.tnl.net/blog/entry/The_New_Gatekeepers
Mark
Anonymous
February 10th, 2006
at 1:48pm
“None of us is as dumb as all of us.”
Jim Turner
Shanti Braford
February 14th, 2006
at 3:06pm
Hey Chris – just had to weigh in here b/c the nomenclature behind “Wisdom of Crowds” is very confusing to those who haven't read the book / grok'd the whole theory.
I know you know this… but for those who aren't familiar w/ Wisdom of Crowds –
It's not just any old random crowd. The crowd has to be diverse, and has to make its decisions independent of one another.
So on Digg, for example, when the first comment is “No Digg, this article sucks” followed by ten similar comments.
That's not exactly independent analysis commenting.
Just to stay with the Digg analogy, it also has a very heavy tech-oriented audience, which is great. But not as conducive to harnessing the power of The Wisdom of Crowds.
/end rant =)
ps. the book is like a quick 3-hour read.
tony
June 24th, 2008
at 9:57am
I agree with the previous post… there is a great deal of nuance in the concepts related in the book. And, adding little things like competition, beer, distractions, fear, etc. tend to break some of the field that I believe does have the ability to consistently generate good decision making.
It does beg the question, how better to adapt this potential to online discourse.
TN