Canal-U

Microfoundations of Collective Wisdom

La sagesse collective : principes et mécanismes

Colloque des 22-23 mai 2008, organisé par l'Institut du Monde Contemporain du Collège de France, sous la direction du Professeur Jon Elster.

Intervention de Scott Page.
In this paper, I demonstrate the microfoundations of collective wisdom. I show the benefits and limits of diverse categorizations and show the power of predictive models based on diverse perspectives. The model demonstrates both the potential for the wisdom of crowds and the possibility that the crowd may make systematic mistakes.