The Wisdom of Crowds

The hall in Stockholm was all glass and steel, the kind of place where economists liked to pretend they were engineers. Rows of professors, NGO staffers, fintech consultants, and a scattering of crypto bros in slim suits and pastel sneakers. The banner across the stage read: “The Economics of Uncertainty.” Sofia glanced down the table. She was the youngest panelist by two decades. The moderator opened with a broad question about the “wisdom of the crowds.” A senior professor from Zürich leane...