Wisdom of the Crowd Quotes

We've heard people say that teachers have no business going rogue and trying to select their own books, technology, and classes - and citizens have no business deciding what is worthy. We believe in teachers. We believe in the wisdom of the crowd.

In questions of science, the authority of a thousand is not worth the humble reasoning of a single individual.

While people are quick to praise the wisdom of the crowd, being an old-school journalist, I look at the wisdom of the crowd and know it can quickly turn into a mob mentality.

The views of several individuals are assuredly preferable to one man, even as the power of a number of men is of course greater than the power of one man.

The power of crowd sourcing always remains with the crowd, not the technological implementation.

No man has all the wisdom in the world; everyone has some.

No one in this world, so far as I know - and I have searched the records for years, and employed agents to help me - has ever lost money by underestimating the intelligence of the great masses of the plain people.

The intelligence of the creature known as a crowd, is the square root of the number of people in it.

The Internet greatly facilitates betting pools called information or prediction markets that permit people to bet on the occurrence of future events. Such markets already gauge election results more accurately than polls do. If legalized and modestly subsidized, they could also foretell many policy results better than politicians or experts alone. We could then better predict the consequences of changes

If we could only use other folks' experience, this here world would be heaven in about three generations, but we're so constructed that we never believe fire'll burn till we poke our own fingers into it to see. Other folks' scars don't go no ways at all toward convincin' us.

Some of the best advice I've had comes from junior officers and enlisted men.

Crowds of minds can be wise, but crowds of bodies just aren't.

“The Wisdom of Crowds” suggests that if enough bumbling people act in concert, they’ll find their way to a less bumbling place.

The smartest person in the room, is the room.

An assembly of great men is the greatest fool upon earth.

It is often more important to act than to understand... there are times... when two conflicting opinions, though one happens to be right, are more perilous than one opinion which is wrong.

This intelligence, or what I'll call "the wisdom of crowds," is at work in the world in many different guises. It's the reason the Internet search engine Google can scan a billion Web pages and find the one page that has the exact piece of information you were looking for. It's the reason it's so hard to make money betting on NFL games, and it helps explain why, for the past fifteen years, a few hundred amateur traders in the middle of Iowa have done a better job of predicting election results than Gallup polls have.

Wikipedia, every day, is tens of thousands of people inputting information, and every day millions of people withdrawing that information. It's a perfect image for the fundamental point that no one of us is as smart as all of us thinking together.