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Showing posts from March, 2013

To Think Differently or When Wisdom of the Crowd is not Wisdom

An Example of a card from Ash experiment Image Source: Wikipedia In a post in my other blog (written in Hebrew ), I wrote that sometimes my opinion differed from the majority opinion. Sometimes it also differed, from leading experts opinions in the field or the topic. In those cases, I acted according to my opinion and not according to the Majority view. Wisdom of the Crowd is a method used more frequently than before. The essence of Wisdom of the Crowd, is assembling many non-expert opinions as  information supporting Decision making .   The classic usage of Wisdom of the Crowd is for estimation of quantified problem, e.g. a  Taurus   weight. However, usage of  Wisdom of the Crowd could be misleading.  In this post I discuss two factors, which oppose usage of Wisdom of the Crowd, including few examples.  Factor 1: Conformity and Social Behaviour The illustration in the heading of this post, depicts an easy task of distin...