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Today's topic evaluates a trite and therefore, often wrong concept known as the Wisdom of Crowds. This concept suggests that large groups of people are smarter than an elite few, no matter how brilliant, and are better at solving problems, fostering innovation, coming to wise decisions, and even predicting the future. While this appears to be very aligned with the Polymathic mindset, in application it misses the nuance of how this idea is grossly misapplied to our detriment. We’ll detail the concept, explain the limitations, and introduce other options to extract wisdom in a true Polymathic manner.
Today's topic evaluates a trite and therefore, often wrong concept known as the Wisdom of Crowds. This concept suggests that large groups of people are smarter than an elite few, no matter how brilliant, and are better at solving problems, fostering innovation, coming to wise decisions, and even predicting the future. While this appears to be very aligned with the Polymathic mindset, in application it misses the nuance of how this idea is grossly misapplied to our detriment. We’ll detail the concept, explain the limitations, and introduce other options to extract wisdom in a true Polymathic manner.