[Marxism] Re: [PEN-L] Collective wisdom

michael michael at ecst.csuchico.edu
Sun May 23 16:49:40 MDT 2004

I am just now getting started on getting caught up on my back reading.
Daniel Kahneman's Nobel lecture (American Economic Review, December 2003) is
relevant to this article and he distinguishes between two types of mental
process: reasoning and intuition.  One works on an emotional level; the
other on a rational level.  The argument of this book that more people can
reach a more rational conclusion does not rule out the irrational behavior
of crowds.

Michael Perelman
Economics Department
California State University
michael at ecst.csuchico.edu
Chico, CA 95929
fax 530-898-5901

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