Collective Wisdom

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Jon Elster Edited by Hélène LandemoreCambridge University Press, 7/31/2012EAN 9781107010338, ISBN10: 1107010330Hardcover, 392 pages, 24 x 16.2 x 3 cmLanguage: EnglishJames Madison wrote, 'Had every Athenian citizen been a Socrates, every Athenian assembly would still have been a mob'. The contributors to this volume discuss and for the most part challenge this claim by considering conditions under which many minds can be wiser than one. With backgrounds in economics, cognitive science, political science, law and history, the authors consider information markets, the internet, jury debates, democratic deliberation and the use of diversity as mechanisms for improving collective decisions. At the same time, they consider voter irrationality and paradoxes of aggregation as possibly undermining the wisdom of groups. Implicitly or explicitly, the volume also offers guidance and warnings to institutional designers.1. Collective wisdomold and new Hélène Landemore2. Prediction marketstrading uncertainty for collective wisdom Emile Servan-Schreiber3. Designing wisdom through the webthe passion of ranking Gloria Origgi4. Some microfoundations of collective wisdom Scott Page and Lu Hong5. What has collective wisdom to do with wisdom? Daniel Andler6. Legislation, planning, and deliberation John Ferejohn7. Epistemic democracy in classical Athenssophistication, diversity, and innovation Josiah Ober8. The optimal design of a constituent assembly Jon Elster9. Sanior pars and major pars in the contemporary aeropagusmedicine evaluation committees in France and the United States Philippe Urfalino10. Collective wisdomlessons from the theory of judgment aggregation Christian List11. Democracy countsshould rulers be numerous? David Estlund12. Democratic reasonthe mechanisms of collective intelligence in politics Hélène Landemore13. Rational ignorance and beyond Gerry Mackie14. The myth of the rational voter and political theory Bryan Caplan15. Collective wisdom and institutional design Adrian Vermeule16. Reasoning as a social competence Dan Sperber and Hugo Mercier17. Conclusion Jon Elster. Show more