--- description: 1. To upgrade the reliability of the wisdom of crowds, look instead to the wisdom of the confident. By the Editors of the MIT Technology... title: These Are the Five Best Ideas of the Day image: https://static.time.com/v3/assets/bltea6093859af6183b/bltde093bcdab65f2d0/6988d9b9bc6cfc69913e2a3c/time-logo.jpg?branch=production --- * [Ideas](/section/ideas/) ## Ideas Update your preferences in [Account Settings](/account/preferences/) Close * [Innovation](/tag/innovation/) ## Innovation Update your preferences in [Account Settings](/account/preferences/) Close # Five Best Ideas of the Day: July 16 by [The Aspen Institute](/author/the-aspen-institute/) ## The Aspen Institute Update your preferences in [Account Settings](/account/preferences/) Close Jul 16, 2014 4:07 PM CUT by [The Aspen Institute](/author/the-aspen-institute/) ## The Aspen Institute Update your preferences in [Account Settings](/account/preferences/) Close Jul 16, 2014 4:07 PM CUT **1\.** [**To upgrade the reliability of the wisdom of crowds, look instead to the wisdom of the confident.**](http://www.technologyreview.com/view/528941/forget-the-wisdom-of-crowds-neurobiologists-reveal-the-wisdom-of-the-confident/ "undefined") By the Editors of the MIT Technology Review **2\.** [**Marketing departments for technology firms should take the radical step of functioning like an outside agency, complete with their own engineers.**](http://firstround.com/article/The-Case-for-Why-Marketing-Should-Have-Its-Own-Engineers "undefined") By First Round Review **3\.** [**According to Peter Orszag, the radical financial relief from the falling cost of health care in America means “everything you think you know about the nation’s long-term fiscal gap would be wrong.”**](http://www.vox.com/2014/6/15/5807046/orszag-its-time-for-some-optimism-about-health-care-spending "undefined") By Adrianna McIntyre in Vox **4\.** [**Robots writing dead simple news stories means journalists can use human intelligence on real, robust news that are worth reading.**](http://nymag.com/daily/intelligencer/2014/07/why-robot-journalism-is-great-for-journalists.html "undefined") By Kevin Roose in New York magazine **5\.** [**Is the bottomless thirst for Wall Street profits driving the soaring cost of higher education?**](http://thesocietypages.org/socimages/2014/07/08/the-hidden-culprit-behind-rising-tuition-wall-street-skim/ "undefined") By Lisa Wade in Sociological Images  [_The Aspen Institute_](http://www.aspeninstitute.org/ "undefined") _is an educational and policy studies organization based in Washington, D.C._ ```json [{"@context":"https://schema.org","@type":"OpinionNewsArticle","@id":"https://time.com/2992351/five-best-ideas-of-the-day-july-16/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/2992351/five-best-ideas-of-the-day-july-16/"},"headline":"Five Best Ideas of the Day: July 16","datePublished":"2014-07-16T16:07:05.000Z","dateModified":"2026-05-11T04:43:08.838Z","description":"1. To upgrade the reliability of the wisdom of crowds, look instead to the wisdom of the confident. By the Editors of the MIT Technology...","url":"https://time.com/2992351/five-best-ideas-of-the-day-july-16/","keywords":["Innovation","Higher Education","robots","health care costs"],"thumbnailUrl":"","author":[{"@type":"Person","name":"The Aspen Institute","jobTitle":null,"url":"https://time.com/author/the-aspen-institute/"}],"articleSection":"Ideas","image":[],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/ideas/","name":"Ideas"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/innovation/","name":"Innovation"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/2992351/five-best-ideas-of-the-day-july-16/","name":"Five Best Ideas of the Day: July 16"}}]}] ```