Crowd wisdom fails when there is a systematic bias—for example, when people systematically underestimate the number of times the Supreme Court invalidated laws because salient examples are few, or systematically overestimate the share of the workforce earning minimum wage.
causalpending
Speaker
Cass SunsteinEvidence Quote
“they actually were way off in terms of the number of times with Supreme Court had invalidated state or federal law there was a systematic bias in favor of small numbers”
Created: 6/15/2026, 9:20:35 AM
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