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"Wisdom of the crowds" is a very specific phenomenon. It specifically depends on people not being able to talk to each other, as one of the four requirements, w
by saraid216 14y ago
"Wisdom of the crowds" is a very specific phenomenon. It specifically depends on people not being able to talk to each other, as one of the four requirements, which is not true in this case. (Another requirement is that it be quantitative.)
- marvin 14y agoI agree with this. If the wisdom of the crowds was always a perfect voice, no stock would ever be mispriced. The stock market is just the wisdom of the crowds where you make money by being right.