Wednesday, June 03, 2009

Individuals can tap "the wisdom crowds" on their own

You've heard of "the wisdom of crowds," where averaging responses to questions from a crowd of people leads to the correct answer. Well, new research (to be published in Psychological Science) suggests individuals can make decisions as well as the crowd if they're trained properly. (Scientific American)

How? It's called "dialectical bootstrapping." First, you make a guess about something. Then, you assume you're wrong, search for new evidence and come up with a second guess. Average the two out and -- bam -- you're a genius.

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I started pound360 to channel my obsession with vitamins, running and the five senses. Eventually, I got bored focusing on all that stuff, so I came back from a one month hiatus in May of 2007 (one year after launching Pound360) and broadened my mumblings here to include all science.