“Every week Who Wants to Be a Millionaire pitted group intelligence against individual intelligence,
and every week, group intelligence won.”
The Crowd! The phrase elicits a range of emotions from extremely pessimistic, “Either the Crowd is
never wise, never reasonable and doomed to be extreme,” (Charles Mackay, publisher of Extraordinary
Popular Delusions and the Madness of Crowds) to profoundly optimistic, James Surowiecki in
The Wisdom of Crowds,
“This intelligence (~collective), or what I’ll call “the wisdom of crowds,” is at work in the world
in many different guises. It’s the reason the Internet search engine Google can scan a billion Web
pages and find the exact piece of information you were looking for. It’s the reason it’s so hard to
make money betting on NFL games, and it helps explain why, for the past fifteen years, a few
hundred amateur traders in the middle of Iowa have done a better job of predicting election
results than Gallup polls have.”
So which is it?!
Click here to read more about Group Intelligence, There is No Substitute, http://www.healthiosxchange.com/documents/2/270/group-intelligence-there-is-no-substitute
To learn more about the leading healthcare investment marketplace, HealthiosXchange, please click http://www.healthiosxchange.com/pages/who-we-are