The “Wisdom of the Crowds” that is embedded in the markets comes not from an aggregation of the expressed beliefs of individual investors. The wisdom can be extracted from the behavior of the individuals, behaviors that they do not always understand and often do not have the ability or inclination to express.
When it comes to human religious beliefs I similarly look at behavior as the strongest indicator. What I see, and what the research into human behavior seems to suggest, is that the ‘collective wisdom’ decision would be to have a superficial religious belief that you maintain for social purposes, while minimising the effect that such beliefs have on behavior in the world.
When it comes to people that have some level of expertise in the subject, I am comfortable that I have accomodated their positions at least passably. As for allowing the majority uninformed belief to sway me, I was raised a believer and remained devout into my adult years. That is altogether too much accounting, to my mind.
Or that this belief is not restricted to the uneducated but shared by many famous scientists, including Newton and Einstein?
Fame. Experts completely out of their field claimed as banners. Insulting.
The “Wisdom of the Crowds” that is embedded in the markets comes not from an aggregation of the expressed beliefs of individual investors. The wisdom can be extracted from the behavior of the individuals, behaviors that they do not always understand and often do not have the ability or inclination to express.
When it comes to human religious beliefs I similarly look at behavior as the strongest indicator. What I see, and what the research into human behavior seems to suggest, is that the ‘collective wisdom’ decision would be to have a superficial religious belief that you maintain for social purposes, while minimising the effect that such beliefs have on behavior in the world.
When it comes to people that have some level of expertise in the subject, I am comfortable that I have accomodated their positions at least passably. As for allowing the majority uninformed belief to sway me, I was raised a believer and remained devout into my adult years. That is altogether too much accounting, to my mind.
Fame. Experts completely out of their field claimed as banners. Insulting.