Enhancing the Wisdom of the Crowd With Cognitive-Process Diversity: The Benefits of Aggregating Intuitive and Analytical Judgments
Abstract
Drawing on dual-process theory, we suggest that the benefits that arise from combining several quantitative individual judgments will be heightened when these judgments are based on different cognitive processes. We tested this hypothesis in three experimental studies in which participants provided estimates for the dates of different historical events (Study 1, N = 152), made probabilistic forecasts for the outcomes of soccer games (Study 2, N...
Paper Details
Title
Enhancing the Wisdom of the Crowd With Cognitive-Process Diversity: The Benefits of Aggregating Intuitive and Analytical Judgments
Published Date
Sep 22, 2020
Journal
Volume
31
Issue
10
Pages
1272 - 1282
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