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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Lee Lichterman III who wrote (12318)10/27/2021 7:33:07 PM
From: TigerPaw2 Recommendations

Recommended By
Lee Lichterman III
Sun Tzu

  Respond to of 26685
 
Look at the diets of most people.

Your examples are of personal decisions that people make for themselves.
That's not really where the wisdom of crowds works. It is effective when a large group has an interest in the outcome of the same thing. That is, the crowd has to make a group decision for the 'wisdom' to be in effect.

Look at 9/11. We traded our rights to privacy away without a whimper.

Now that was a group decision, but I don't recall having any input. If I had it certainly was against the Patriot act. Just like advice from your mother, the wisdom of the crowd only works if the decider is listening.



To: Lee Lichterman III who wrote (12318)10/27/2021 7:46:15 PM
From: TigerPaw  Read Replies (1) | Respond to of 26685
 
As for policy, the media is 99% left leaning and has changed views on issues in one generation. Name 2 TV shows that doesn't have a flaming over the top gay character. 80% of commercials have mixed race couples. TV society is very different than the real general population of the US.

I've been pondering the relevance of this paragraph, and I've concluded that it is not relevant at all to the discussion on the wisdom of crowds. TV shows, (and plays, and movies, and romance novels ) cater to their advertisers (who pay $$ to run the shows) first, Now the advertisers may try to sample the crowds, but are more inclined to try to influence the crowd instead of determining what the crowd really wants. (To the advertiser the answer is always the crowd wants what they are selling)