Post on 02-Dec-2014
description
Individual Collective Intelligence
&
Wisdom of Crowds
A Paradigm Shift
Collective Intelligence
We always knew – groups are better than just individuals in
solving problems:
Collective Intelligence
Rise of Internet: loosely organized crowds of people!
Google, Wikipedia, Threadless and several others….
Availability of Information
two bankers….
…praise the benefits of the new information technology age!
Criticism
Individual Collective Intelligence
-good to get a democratic consensus
-good to establish market prices
-bad for development of creativity, art and
unconventional ideas
…even if you try to make it work, mind the potential pitfalls!
So, here are the genes of Collective Intelligence
Who and Why
Who? Hierachy versus Crowd
Why? Money, Love, Glory
What and How
What?
Create or Decide
How?
Group Decision or Individual Decision
(Voting, Averaging, Markets, Consensus)
Collaboration or Collection
An Example
The Collective Intelligence Genome for LINUX
Our Project…INVESTTOR„Mitmachfonds“
www.investtor.de
INVESTTORINVESTTOR WhatWhat WhoWho WhyWhy HowHow
Create Portfolio Ideas, Combination
Hierachy Money, Glory Hierachy and Collaboration
Decide Actual Stock Picking
Crowd (People invested)
Money, Glory Group Decision (Voting, Markets)