Traditionally it’s been thought that mob intelligence is inversely proportional to the size of the mob and there is plenty of historical evidence to back this up.
More recently the intelligence of mobs is being used to predict future events using stock market like set ups.
Poindexter at DARPA in his wisdom after the 9-11 attacks tried to use a similar idea to predict future terrorist acts but the public out cry put a stop to that. While an excellent idea in theory the public was none to keen to feed ideas to the terrorists or to predict their demise.
Amid furor, Pentagon kills terrorism futures market.
Examples:
NewsFutures Prediction Market
Iowa Electronic Market
Foresight Exchange
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