Collective intelligence has risen with the internet as loosely organized crowds have solved problems through websites like Google, Wikipedia, and Threadless. While groups are generally better than individuals at solving problems, critics argue that collective intelligence is bad for creativity and unconventional ideas. The key aspects of collective intelligence are who participates (hierarchies vs. crowds), why they participate (money, love, glory), what the group does (create or decide), and how the group makes decisions or works (voting, averaging, markets, consensus, collaboration, or independent work). An example is the collective intelligence used to develop Linux.

1. Individual Collective Intelligence & Wisdom of Crowds A Paradigm Shift

2. Collective Intelligence We always knew – groups are better than just individuals in solving problems:

3. Collective Intelligence Rise of Internet: loosely organized crowds of people! Google, Wikipedia, Threadless and several others….

4. Availability of Information two bankers…. … praise the benefits of the new information technology age!

6. … even if you try to make it work, mind the potential pitfalls!

7. So, here are the genes of Collective Intelligence

8. Who and Why Who? Hierachy versus Crowd Why? Money, Love, Glory

9. What and How What? Create or Decide How? Group Decision or Individual Decision (Voting, Averaging, Markets, Consensus) Collaboration or Collection

10. An Example The Collective Intelligence Genome for LINUX

11. Our Project…INVESTTOR „Mitmachfonds“ www.investtor.de Group Decision (Voting, Markets) Money, Glory Crowd (People invested) Actual Stock Picking Decide Hierachy and Collaboration Money, Glory Hierachy Portfolio Ideas, Combination Create How Why Who What INVESTTOR