barcamp konstanz_collective intelligence

Individual Collective Intelligence

&

Wisdom of Crowds

A Paradigm Shift

Collective Intelligence

We always knew – groups are better than just individuals in

solving problems:

Collective Intelligence

Rise of Internet: loosely organized crowds of people!

Google, Wikipedia, Threadless and several others….

Availability of Information

two bankers….

…praise the benefits of the new information technology age!

Criticism

Individual Collective Intelligence

-good to get a democratic consensus

-good to establish market prices

-bad for development of creativity, art and

unconventional ideas

…even if you try to make it work, mind the potential pitfalls!

So, here are the genes of Collective Intelligence

Who and Why

Who? Hierachy versus Crowd

Why? Money, Love, Glory

What and How

What?

Create or Decide

How?

Group Decision or Individual Decision

(Voting, Averaging, Markets, Consensus)

Collaboration or Collection

An Example

The Collective Intelligence Genome for LINUX

Our Project…INVESTTOR„Mitmachfonds“

www.investtor.de

INVESTTORINVESTTOR WhatWhat WhoWho WhyWhy HowHow

Create Portfolio Ideas, Combination

Hierachy Money, Glory Hierachy and Collaboration

Decide Actual Stock Picking

Crowd (People invested)

Money, Glory Group Decision (Voting, Markets)