When is a crowd wise?
Abstract
Numerous studies and anecdotes demonstrate the null of the crowd, the surprising accuracy of a group's aggregated judgments. Less is known, however, about the generality of crowd wisdom. For example, are crowds wise even if their members have systematic judgmental biases, or can influence each other before members render their judgments? If so, are there situations in which we can expect a crowd to be less accurate than skilled individuals? We...
Paper Details
Title
When is a crowd wise?
Published Date
Apr 1, 2014
Journal
Volume
1
Issue
2
Pages
79 - 101
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