Lumenogic prediction markets powers...

COLLECTIVE
INTELLIGENCE
OF THE FUTURE

What is Collective Intelligence?

Collective intelligence is the ability of groups of people to be smarter than the smartest individuals in them.

For collective intelligence to emerge instead of "groupthink", it is necessary to check the natural tendency of group members to try to minimize conflict and reach a consensus decision without critical evaluation of alternative ideas or viewpoints. As summarized in the best-selling book The Wisdom of Crowds, four conditions have to prevail: diversity of opinions, decentralization of inputs, independence of thought and information aggregation:

Choosing the right information aggregation mechanism is critical to achieving collective intelligence. For instance, when the task at hand is forecasting, prediction markets have proven particularly efficient at "consolidating the informed guesswork of many into hard probability", as The Economist recently wrote.

Lumenogic has more than a decade of experience helping companies tap their collective intelligence through prediction markets, innovation competitions and other means.

 


Recommended Further Reading

Intelligene Is Collective
PDF
Intelligence Is Collective

Emile Servan-Schreiber
Lumenogic Research Report
May 2012

 

Decision 2.0: The Power of Collective Intelligence
Online
Decisions 2.0: The Power of Collective Intelligence

Eric Bonabeau
MIT Sloan Management Review
Winter 2009, 50:2

 

The Wisdom of Crowds by James Surowiecki The Wisdom of Crowds
Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes Business, Economies, Societies and Nations

James Surowiecki
Doubleday, 2004
 

The Collective Intelligence Genome
Online
The Collective Intelligence Genome

Thomas Malone, Robert Laubacher & Chrysanthos Dellarocas
MIT Sloan Management Review
Spring 2010, 51:3

 

Collective Wisdom, edited by H?l?ne Landemore & Jon Elster Collective Wisdom
Principles and Mechanisms

H?l?ne Landemore & Jon Elster (Eds)
Cambridge University Press, 2012
 

The Difference by Scott Page The Difference
How the Power of Diversity Creates Better Groups, Firms, Schools, and Societies

Scott E. Page
Princeton University Press, 2007
 

Infotopia by Cass Sustein Infotopia
How Many Minds Produce Knowledge

Cass Sunstein
Oxford University Press, 2008
 

?