The Wisdom of Groups and the Use of Experts
On September 29, 2005, Dean Saul Levmore delivered a lunchtime talk to the students entitled "The Wisdom of Groups and the Use of Experts." (Click on the link to listen.) Dean Levmore blurbed his talk as follows: "A growing literature (much of it from Chicago) shows the power of markets, votes, and internet sites to capture and then aggregate the knowledge of large numbers of participants. How do we know when to rely on this wisdom of groups? And to the extent that this means that "experts" will become relatively less useful in the future, what does it say about the development of legal practice and institutions?" Readers of Dean Levmore's previous posts on this topic know how rich it is. Dean Levmore is a runner and we can only assume he does some of his best academic thinking while enjoying Chicago's lakefront paths. For maximum verisimilitude, we recommend downloading this talk and listening to it while jogging. For instructions on downloading, please click here.
Dean Levmore's talk was part of the Chicago's Best Ideas series, an annual series of lectures originally created in honor of the Law School's Centennial in 2002-03. Three lectures (with free lunch, of course) are given each quarter by our faculty on topics related to the intellectual life and history of the Law School. We intend to post mp3s of many of these lectures here.