The Wisdom of Crowds II

November 17th, 200910:36 am @

23


The Wisdom of Crowds II

All people are created equal. Right?

So what is the reason why homosexual couples cannot legally marry in California?

It was the result of a ballot amongst voters in the state.

If you depend on polls to guide your vision and direct your wisdom, the general population is often prepared to impede the rights of others, for credulous beliefs of their own.

Just like Joseph Stiglitz described the marketplace, the general population often has imperfect information.

And sometimes when people do have access to information, they are likely not to use it unless it is to confirm their own prejudices.

Related posts:

  1. The Wisdom Of Crowds
  2. Words Of Wisdom In Tumultuous Times
  3. Top Secret Financial Disaster
  4. The Press Is On The Outside
  5. Joseph Stiglitz’s Got The Solution But Lilja Doesn’t Get It