Wisdom of Crowds

Book:Wisdom of Crowds by James Surowiecki

Please Choose a topic to write a question about from chapters 9-12ONLY

● This assignment requires you to submit a singleMCQwith 5 possible answers.

● WhyMCQs? a) Often, good questions precede good answers. MCQs train you to think in terms

of questions.

b)MCQs train students focus on the essence of their assigned reading and class

content.

c) Relatedly, MCQs teach students to distinguish betweenwhat's important and

what's fluff.

d) The act of craftingMCQs holds students accountable for integrating reading and

content.

● MCQ should be novel, useful, non-obvious + high-impact + application + evergreen

+ you featured themost important topic of the week's reading

● Example of strongMCQ:Wisdom of Crowds:Which of the following does NOT

characterize wise crowds?

*a) Intelligence: A crowdmade of particularly smart individuals.

b) Diversity: Each person has private information and opinions.

c) Independence: People's opinions aren't determined by the opinions of those

around them.

d) Decentralization: People are able to specialize and draw on local knowledge.

e) Aggregation: Amechanism exists for turning private judgments into a collective

decision.

Source:Wisdom of Crowds; Chapter #; Page #...

● Example of BadMCQs: In 1999, Bell Labs scientists were able to transmit ________ bits of information in one

second, across a single fiber-optic line.

a) 1,600,000,000

b) 16,000,000,000

c) 160,000,000,000

*d) 1,600,000,000,000

e) 16,000,000,000,000