Collective wisdom: principles and mechanisms

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 background...

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Bibliographic Details
Other Authors: Landemore, Hélène 1976- (Editor), Elster, Jon 1940- (Editor)
Format: Electronic eBook
Language:English
Published: Cambridge Cambridge University Press 2012
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Summary: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
Item Description:Title from publisher's bibliographic system (viewed on 05 Oct 2015)
Physical Description:1 Online-Ressource (x, 409 Seiten)
ISBN:9780511846427
DOI:10.1017/CBO9780511846427

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