[HN Gopher] Beating the Crowd
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       Beating the Crowd
        
       Author : alpark3
       Score  : 15 points
       Date   : 2025-04-27 22:19 UTC (1 days ago)
        
 (HTM) web link (www.withentropy.com)
 (TXT) w3m dump (www.withentropy.com)
        
       | readthenotes1 wrote:
       | "To say anything else implies an opinion that the mean human
       | would cognitively overestimate or underestimate the quantity, and
       | this is equivalent to an opinion on human cognitive bias for this
       | specific problem"
       | 
       | for a slightly more skeptical take:
       | 
       | https://mindmatters.ai/2020/11/the-wisdom-of-crowds-are-crow...
       | 
       | (It mentions a requirement to be unbiased and independent, which
       | means it doesn't apply to most modern things)
        
       | aucisson_masque wrote:
       | It's well written, but I beg to differ.
       | 
       | You should never ever considerate other opinion to make your own
       | choice.
       | 
       | We are the sum of our decisions, I don't want to be the sum of
       | the crowd decisions.
       | 
       | There is also the factor of pride. Either you're confident enough
       | in your judgement or you're not, but taking a bold decision that
       | goes against all odd and people's opinion, and managing to make
       | it work, is extremely satisfying.
       | 
       | If you start reviewing your opinion based on crowd opinion, all
       | that's going to happen is you will be more and more inclined to
       | suppress your own opinion in favor of the majority, until you
       | don't trust your guts anymore and you become part of the crowd.
       | 
       | Bestie there is a saying << you learn from your own mistake >>.
        
       | 1970-01-01 wrote:
       | Isn't this just optimal stopping theory?
       | 
       | https://en.wikipedia.org/wiki/Optimal_stopping
        
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       (page generated 2025-04-28 23:00 UTC)