Last year we observed unusual behavior in the stock market with trading in the Gamestop stock. Analyze this event with respect to Surwiecki’s 5 conditions that must be satisfied for WOC to actually work, that is, produce better answers.

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Last year we observed unusual behavior in the stock market with trading in the Gamestop stock. This was an interesting development, with a number of implications for ethics in the new world of computers.

Write a paper (‘lt= 2 pages)

a–briefly summarizing the events that occurred with the Gamestop stock;

b–discussing this event with respect to what we have learned about Wisdom of the Crowds

b.1–is this event an example of Wisdom of the Crowds?

b.2–ANALYZE this event with respect to Surwiecki’s 5 conditions that must be satisfied for WOC to actually work, that is, produce better answers.

Note that in the reading Wisdom of Crowds (Wisdom of Crowds.pdf in Assigned Readings) Surowiecki mentions 4 conditions for WOC to govern behavior. In fact, there are 5 conditions :
1)Diversity of Opinion;
2)Independence
3)Decentralization
4)Aggregation
5) Trust

All 5 conditions should be discussed in your assignment.

Also include sources in your paper and a works cited page.