Comments on: Participatory Culture and the Democratization of Information http://www.embracingchaos.com/2009/12/participatory-culture-and-the-democratization-of-information.html Leo Parker Dirac on Business and Technology Trends Wed, 14 Jul 2010 01:21:23 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Aaron http://www.embracingchaos.com/2009/12/participatory-culture-and-the-democratization-of-information.html/comment-page-1#comment-210 Aaron Mon, 28 Dec 2009 11:04:51 +0000 http://wp.embracingchaos.com/2009/12/participatory-culture-and-the-democratization-of-information.html#comment-210 <p>As an political science (and economics) student at the University of Washington I specialized my major in "Political Economics". Part of that is rational choice models.</p> <p>I'd add to "The general principal is that large numbers of individuals can together make better decisions than any small group" that group decisions are also more rational and predictable than individual actions.</p> <p>The principle above is also the core driver of the success of free markets. Consumers voting with their wallets will outperform D.C. car czars every time in directing society's resources best.</p> As an political science (and economics) student at the University of Washington I specialized my major in "Political Economics". Part of that is rational choice models.

I'd add to "The general principal is that large numbers of individuals can together make better decisions than any small group" that group decisions are also more rational and predictable than individual actions.

The principle above is also the core driver of the success of free markets. Consumers voting with their wallets will outperform D.C. car czars every time in directing society's resources best.

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