kaal:claim:3782217-009

Condorcet's Jury Theorem cuts both ways: larger groups of slightly stupid people, defined as being wrong slightly more than half the time, are worse than smaller groups of stupid people, so the idiocy of the mob is the counterbalance to the wisdom of the crowd.

larger groups of slightly stupid people are worse than smaller groups of stupid people. The idiocy of the mob is the counterbalance to the wisdom of the crowd.

Craig Calcaterra, Wulf A. Kaal, The Importance of History In Decentralization (2021), Condorcet's Jury Theorem, p. 4
https://ssrn.com/abstract=3782217 · source PDF

Craig Calcaterra, Wulf A. Kaal, The Importance of History In Decentralization (2021). SSRN: https://ssrn.com/abstract=3782217

• average member correct less than half the time

failuresupport: arguedfailure: idiocy-of-the-mobfamily: governance-participation-collapsegovernance-design

The quote above is an exact substring of the source PDF, whose sha256 is 358779557d8e7dcd101720ca0fad90b9146d24f1c7c03909eb431fcf1fb7e103. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/acea9ac36ca43d5e...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3782217-009.md | sha256sum