Comment What is wisdom? (Score 1) 507
Nor is it whether a crowd can be arranged in such a way that it makes better decisions than the average person in the crowd. (THEY CAN.)
It is whether you can arrange the decision making process among a crowd to consistently make wise decisions, even if no individual member of the crowd is consistently wise.
Since, in any sufficiently large crowd, somebody is going to come up with a wise answer to any particular question, the key problem is getting members of the crowd to agree on which of two answers is the wiser. One solution is to get the members who don't have a clue to delegate that decision to others who they think are, in general, good at picking winners. With a sufficient track record, you have an objective basis to decide who is or is not good at recognition, provided there is some correlation between past and future problems, or at least some way to categorise which sort of expertise is relevant to each problem.