characteristics of an 'intelligent crowd'
marcus • February 14th, 2008
1. diversity of opinion
each person should have some private information, even if thats just an excentric interpretation of the known facts
2. independence
people’s opinions are not determined by those around them
3. decentralization
people are able to specialize and draw on local knowledge
4. aggregation
some mechanism exists for turning private judgments into a collective decision
‘the wisdom of crowds’ by james surowiecki (p. 10)