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9781107010338

Collective Wisdom

by ;
  • ISBN13:

    9781107010338

  • ISBN10:

    1107010330

  • Format: Hardcover
  • Copyright: 2012-07-16
  • Publisher: Cambridge Univ Pr

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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.

Table of Contents

Collective wisdom: old and new
Prediction markets: trading uncertainty for collective wisdom
Designing wisdom through the web: the passion of ranking
Some microfoundations of collective wisdom
What has collective wisdom to do with wisdom?
Legislation, planning, and deliberation
Epistemic democracy in classical Athens: sophistication, diversity, and innovation
The optimal design of a constituent assembly
Sanior pars and major pars in the contemporary aeropagus: medicine evaluation committees in France and the United States
Collective wisdom: lessons from the theory of judgment aggregation Christian List
Democracy counts: should rulers be numerous?
Democratic reason: the mechanisms of collective intelligence in politics
Rational ignorance and beyond
The myth of the rational voter and political theory
Collective wisdom and institutional design
Reasoning as a social competence
Conclusion
Table of Contents provided by Publisher. All Rights Reserved.

Supplemental Materials

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

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