Cognitive Democracy: networked-based decision making as an alternative to markets and "nudging"

Henry Farrell (George Washington University) and Cosma Rohilla Shalizi (Carnegie-Mellon/The Santa Fe Institute) have just posted a paper, "Cognitive Democracy," to Crooked Timber. Farrell and Shalizi argue that neither the "libertarian paternalist" idea of "nudging" people to good choices, nor the market-based approach of letting price signals steer our decisions produce the best possible outcome [...]

Source: http://boingboing.net/2012/05/24/cognitive-democracy-networked.html

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