Creating Wise Crowds: How Positive Culture and Fair Process Can Prevent “Madness”

2022-23 Positive Links Speaker Series
Creating Wise Crowds: How Positive Culture and Fair
Process Can Prevent “Madness”
November 7, 2022
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About the event:
Evidence demonstrates both the Wisdom of Crowds (Collective Intelligence) and the Madness of Crowds (Group Think) in collective forecasts. Forecasts underpin most decisions; good decisions, therefore, require good forecasts. In this talk, Scott Page discusses the phenomena of wise and mad crowds in the context of forecasts, demonstrates the logic of how diversity can produce accurate collective forecasts (the wisdom of crowds), and the necessity of (1) a positive culture where people feel comfortable sharing ideas, clarifying logic, and facts and (2) a process that facilitates collective knowledge production for both good decisions and acceptance of those decisions. Scott concludes with a discussion of differing perspectives on using technology to enable anonymous participation.

Presenter:
Scott E. Page
John Seely Brown Distinguished University Professor of Complexity, Social Science, and Management, University of Michigan

Host:
Julia Lee Cunningham
Faculty Co-Director, Center for Positive Organizations; Associate Professor of Management and Organizations

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About Positive Links:
The Positive Links Speaker Series, presented by Michigan Ross’ Center for Positive Organizations, offers inspiring and practical science-based strategies to build and bolster thriving organizations. Attendees learn from leading positive organizational scholars and connect with our community of academics, students, staff, and leaders.

More: https://positiveorgs.bus.umich.edu​