The "Wisdom of Crowds" is an economic idea that has been around for a while. Basically the idea that a large group of people will possess many little bits of information that, if properly assembled, can solve even very complex and difficult problems. The trick is getting the holders of the information to assemble it. You can have a contest (guess the weight of a steer at the fair), allow people to "invest" their knowledge (political betting markets), or you can CREATE A GAME.
Pretty cool. The potential of using the creative and problem solving skills of diverse people, especially if they don't know they are solving problems is fairly incredible.
What other problems could we solve?
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