Using the power of “Group Thinking” has always fascinated me on how it can be used or abused. The following blog is along those lines.
“The wisdom of crowds has a far more important and beneficial impact on our everyday lives than we recognize, and its implications for the future are immense” James Surowiecki, The Wisdom of Crowds
Experiments in collective intelligence are happening at a faster pace than ever before. The internet is an ideal test bed for these experiments – it’s possible to collect huge numbers of opinions in real time and get instant feedback on the results. I’ve always been fascinated by this field, and in particular how it can be applied to the stock market. The application of collective intelligence to the markets is not straightforward, chiefly because the stock market is in itself a crowdsourcing mechanism. Asking the crowd opinions on a stock tends to give the same result as the market – you are (more or less) polling the same participants! This is why many attempts to beat the…
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Random Talk Theory 