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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (88917)	9/12/2007 3:43:59 PM
From: ahhaha	Read Replies (2) \| Respond to of 306849

The question is how a population with little knowledge can do a better job at accurate assessment than a group with a lot of knowledge. The answer lies in error. A population with a little knowledge creates small errors that are erased by other ones leaving a residue of accuracy of high degree. A group with a lot of knowledge creates few errors and tries to bury the ones it does create for fear of retribution, and thus compounds error without allowing an erasing process. In this case the residue is one of inaccuracy which then is kept in place, and whose state can only be resolved by chaotic transition. This stands in contrast to the population always making error and correcting them, where transition is smooth and continuous.