1/ Thread: The Wisdom of Crowd
In 2007, @mjmauboussin wrote a paper on the wisdom of crowd, and showed with simple maths and experiments why the crowd can trump individuals.
Some of the takeaways were VERY counterintuitive and it materially influenced my thinking.
Wikipedia was, in some ways, the first Media DAO (I'm not the first person to say this)
I listened to co-founder of Wikipedia @jimmy_wales speak last week
He said something I keep thinking about, so I gotta do a quick thread 🧵