Harnessing the wisdom of the inner crowd.

Abstract:

:Ever since Galton's classic demonstration of the wisdom of crowds in estimating the weight of a slaughtered ox, scholars of the mind and the public alike have been fascinated by the counterintuitive accuracy achieved by simply averaging a number of people's estimates. Surprisingly, individuals can, to some extent, harness the wisdom of crowds within the confines of their own mind by averaging self-generated, nonredundant estimates.

journal_name

Trends Cogn Sci

authors

Herzog SM,Hertwig R

doi

10.1016/j.tics.2014.06.009

subject

Has Abstract

pub_date

2014-10-01 00:00:00

pages

504-6

issue

10

eissn

1364-6613

issn

1879-307X

pii

S1364-6613(14)00155-7

journal_volume

18

pub_type

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