Not Related! A Big-Braned Podcast cover image

Democracy: Rule of the NPCs

Not Related! A Big-Braned Podcast

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The Wisdom of the Crowds

The idea behind the wisdom of the crowds is that sometimes you can take 90% ignorant votes and 10% informed votes and actually get extremely good policy. How does that happen? The original parable, which isn't a parable, it actually happened, comes from the life of Francis Goulton. A butcher had this ox and he asked the crowd, how much do you think this ox weighs? And he took an answer from everyone in the crowd.

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