Depends on the circumstances. Intrade prediction markets often beat out the experts, but then, the people betting on the predictions are actually putting something of their own on the line. There are conditions, but if the conditions are met, people en-masse can be very good at estimating risk. (http://en.wikipedia.org/wiki/The_Wisdom_of_Crowds)
Credits & Style Info
Talk Politics. A place to discuss politics without egomaniacal mods
![[community profile]](https://www.dreamwidth.org/img/silk/identity/community.png){kind=small}
(no subject)
Date: 24/2/11 20:55 (UTC)