Re:Too many people have peed in the pool
by madaxe_again on Monday February 15, 2016 @01:00PM
(#11104817)
Or is it the other way around, that people act smartly and rationally individually but when taken as a whole become a singular moronic entity?
See also: corporations, nations.
Re:Too many people have peed in the pool
by alexashka on Monday February 15, 2016 @01:42PM
(#11105090)
People act dumb both in groups and individually. You don't see very many intelligent people joining big groups and becoming moronic - they're smart enough to recognize groups cater to the lowest common denominator and avoid them.
The exception being young people who have the potential to be intelligent but lack life experience.
As much as you'd like to believe that people are smart somehow - the average IQ is 100. 100 is really, really dumb.
Re:Too many people have peed in the pool
by humanrebar on Monday February 15, 2016 @01:37PM
(#11105066)
If that's true, why is it so hard to beat the market in the long run.
It's better to say that experts are better at some things and crowdsourcing is better at others. Though that's neither snarky nor pithy.
Masses usually act like morons. That's a well known phenomenon, old enough to become jokes in movies, and the entire audience (a mass) to get it.
When people are acting smartly, they each do different things, and don't form a mass at all.