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Research by Yum et al. shows that by observing others' decisions, lenders are able to predict the private information of other lenders, pool wisdom , and improve their decision-making skills (Yum et al. 2012).
The conference hosted a number of business executives and government officials from China and abroad to, according to President Xi Jinping's welcome letter, "contribute creative ideas, pool wisdom and build consensus, to ensure that the Internet will bring even greater benefit to mankind".
As an undergraduate, he had read Friedrich Hayek's 1945 free-market manifesto, "The Use of Knowledge in Society," which argues that a person's knowledge is by definition partial, and that truth is established only when people pool their wisdom.
In the intervening years we have pooled the combined wisdom of biology, chemistry, physics, engineering, mathematics and computer science, tapped the great strengths and insights of the public and private sectors.
Those conversations culminated in a working conference in 2009, in which more than 500 faculty, administrators, and students pooled their collective wisdom (visionandchange.org/about).org/about
IT is one of the most seductive pitches in the world of mutual funds: analysts at a big investment firm pool their collective wisdom and come up with a short list of their favorite stocks.
"It's still a pretty evangelical business," says Leslie Fine of CrowdCast, one of the firms that provide trading platforms for companies keen to pool the collective wisdom of their employees.Prediction markets work by giving people virtual trading accounts that allow them to buy and sell "shares" that correspond to a particular outcome.
But on The Pool , her wisdom can seem conventional, even a little preachy.
It is a pool of wisdom , the officers say, that is as deep as any they have ever seen, not about killing the enemy but about evading threats and getting home safely.
According to online prediction markets, which pool conventional wisdom about the probability of future events, voters do care.
Like severe burn victims, we are alive but disfigured, moving forward but with a slight limp, lifting our eyes up to the sun but with dark pools of wisdom and sadness adding shadow to our gazes, a deepness reaching back a century to 1914, to those dead millions, to a time of beginnings and endings, endings and beginnings on a global scale.
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The phrase "pooled wisdom" functions as a noun phrase , often serving as the subject or object of a sentence. It describes the collective knowledge or understanding derived from a group, as highlighted by Ludwig's analysis, showcasing its usability in academic and professional contexts.
Expression frequency: Rare
