Tuesday, May 06, 2014

Smart crowds, Irrational individuals?

This is from a presentation/discussion from Boston ProductCamp in May 2014. Here's the abstract: We've all made rational decisions and forecasts based on individually analyzing the best available data. But there are many other aspects of decision making. This session will examine some of those. When can groups of non-expert individuals beat some of the best experts? What are some of the common biases that cause ordinary people to make decisions differently from those that they "should" make. Can you take advantage of the ways other makes decisions or is this unwarranted manipulation?

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