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Harnessing the wisdom of the inner crowd.

Authors :
Herzog SM
Hertwig R
Source :
Trends in cognitive sciences [Trends Cogn Sci] 2014 Oct; Vol. 18 (10), pp. 504-6.
Publication Year :
2014

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.<br /> (Copyright © 2014 Elsevier Ltd. All rights reserved.)

Details

Language :
English
ISSN :
1879-307X
Volume :
18
Issue :
10
Database :
MEDLINE
Journal :
Trends in cognitive sciences
Publication Type :
Academic Journal
Accession number :
25261350
Full Text :
https://doi.org/10.1016/j.tics.2014.06.009