Posted: Jan 18, 2017 4:44 pm
Wiki has this rebuttal:
We are talking about democracy, not about negotiating deals. The crowd sets parameters and professional negotiators negotiate. Just like other professionals write laws, set safety norms, gather intelligence, keep order etc etc
The wisdom of the crowd effect is easily undermined. Social influence can cause the average of the crowd answers to be wildly inaccurate, while the geometric mean and the median are far more robust.
We are talking about democracy, not about negotiating deals. The crowd sets parameters and professional negotiators negotiate. Just like other professionals write laws, set safety norms, gather intelligence, keep order etc etc