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WT Sharpe · 01-25-2016, 09:52 AM

Crowds, of course, are not always wise. They are more likely to be wise when two principles are followed. The first principle is that groups should be composed of people with knowledge relevant to a topic. The second principle is that the group needs to hold diverse perspectives and bring different knowledge to bear on a topic.
— Richard P. Larrick and Jack B. Soll; professors of management at Duke University. "You Know More than You Think", Scientific American (2 June 2009).

01-25-2016, 09:52 AM	#2928
WT Sharpe Bah, humbug! Posts: 39,072 Karma: 157049943 Join Date: Jun 2009 Location: Chesapeake, VA, USA Device: Kindle Oasis, iPad Pro, & a Samsung Galaxy S9.	Crowds, of course, are not always wise. They are more likely to be wise when two principles are followed. The first principle is that groups should be composed of people with knowledge relevant to a topic. The second principle is that the group needs to hold diverse perspectives and bring different knowledge to bear on a topic. — Richard P. Larrick and Jack B. Soll; professors of management at Duke University. "You Know More than You Think", Scientific American (2 June 2009).