The 10th Man
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The 10th Man
One of the most incomprehensible features of a crowd is the tenacity with which the members adhere to erroneous assumptions despite mounting evidence to challenge them.
Brendan Moynihan • What I Learned Losing A Million Dollars
Surowiecki’s argument is that we need dissenting voices, people who challenge the conventional wisdom, resist the fashionable consensus, and disturb the intellectual peace. “Follow the person in front of you” is as dangerous to humans as it is to army ants.
Jonathan Sacks • Lessons in Leadership: A Weekly Reading of the Jewish Bible (Covenant & Conversation Book 8)
The “bystander effect” is that, when someone is in trouble, solitary individuals are more likely to intervene than groups.
Eliezer Yudkowsky • Rationality
Instead, Professor Kahneman favored an alternative that he termed “adversarial collaboration.” When people who disagree work together to test a hypothesis, they are involved in a common endeavor. They are trying not to win, but to figure out what’s true. They might even become friends.
Cass R. Sunstein • Opinion | The Nobel Prize-Winning Professor Who Liked to Collaborate With His Adversaries
kaiton and added
10 Crowds tend to make accurate predictions when three conditions prevail—diversity, aggregation, and incentives. Diversity is about people having different ideas and different views of things. Aggregation means you can bring the group’s information together. Incentives are rewards for being right and penalties for being wrong that are often, but n
... See moreMichael J. Mauboussin • Think Twice: Harnessing the Power of Counterintuition
A contrarian reasons independently from the ground up and resists pressure to conform.
Tim Ferriss • The Almanack of Naval Ravikant: A Guide to Wealth and Happiness
The diversity prediction theorem tells us that a diverse crowd will always predict more accurately than the average person in the crowd. Not sometimes. Always.
Michael J. Mauboussin • Think Twice: Harnessing the Power of Counterintuition
There is significant pressure to conform to group-think, even when the group is clearly wrong
Michael Mauboussin • Michael Mauboussin — How Great Investors Make Decisions, Harnessing The Wisdom (vs. Madness) of Crowds, Lessons from Race Horses, and More (#659) - The Blog of Author Tim Ferriss
sari added