The Wisdom of Crowds

New Yorker columnist James Surowiecki's book The Wisdom of Crowds "explores a deceptively simple idea that has profound implications: large groups of people are smarter than an elite few, no matter how brilliant—better at solving problems, fostering innovation, coming to wise decisions, even predicting the future." Now this idea has been put into practice with Consensus View, a site where you can enter your predictions on stocks, commodities, and currencies, and view the group consensus. (from wsj.com) [from MetaFilter.com]