4 ms·

Is mob wisdom a good indicator though?

• kmonsen 4y ago
  Mob wisdom and informed people betting with their money are two different things. Not saying the matter is 100% accurate, but better than what is normally called mob wisdom.
• TuringNYC 4y ago
  Yes, if you have money on the line (as GP says.) We assume rich people/orgs are making decisions in their self-interest, which is a good assumption.
• s1artibartfast 4y ago
  Yes, when the entire value of the economy is predicated on mob sentiment.
• sb057 4y ago
  It's the foundation of our economic system, so we better hope it is!
• stonemetal12 4y ago
  All the social science papers on the subject say it is.