Should-Read: Noah Smith: The Wisdom and Madness of Crowds: “Prelec… Seung, and… McCoy ask… what people think others will guess. If herd behavior is present, some people will know it, and will be contrarians… …they’ll guess something different from what they think other people will say. Prelec et al. find that the forecasts that receive … Continue reading Should-Read: Noah Smith: The Wisdom and Madness of Crowds