Call me a sceptic, a contrarian, an old f*rt.
Whatever. Grey-beard. Grey-head (not quite yet – but it is coming).
Does the “Wisdom of the Crowd” AVERAGE you up, down – or out?
If you average OUT – what have you accomplished – take the highs and lows and find the median. Like guessing the weight of the Ox.
OK if you are guessing – and playing a gambling game.
What should we do about global warming? Ask the crowd – and collectively they’d get it right? After they averaged “out?”
Getting the right people on the bus BEFORE venturing out on the journey – is an attempt to average up, not down, not out.
Heck – I’m certainly not right all of the time. Not even most of the time. Neither are you.
Life is full of variances. And “non-intuitive” facts. Like leaning downhill over THAT downhill ski (snow skiers know from whence I speak). Lean over the edge ma’am – and you’ll be just fine!
OK – you’ve really got to trust your ski instructor (the ego-maniac right?) to “do what he advises.” Lean out OVER the downhill ski and put all of your weight on that – and – don’t lean back toward the mountain.
If I have to rely on the WISDOM OF THE CROWD – then better be hanging with the right folks.
While not PERFECT – Six Sigma – or otherwise…I like ISPI – the International Society for Performance Improvement.
I’ve been a member since 1979. Actively.
And I think that has averaged me up.
# # #