Questions tagged [wisdom-of-crowds]
The effect of a large group's estimate, answer, or decision being as (or more) accurate as the response given by any of the individuals within the group.
2
questions
8
votes
1answer
217 views
Appropriate metric(s) for quantifying the accuracy gain obtained from averaging dyads of estimates instead of adopting individual estimates?
Background
The question relates to research I am doing into the Wisdom of Crowds effect (Galton, 1907; Page, 2007; Surowiecki, 2004), in which an average of the estimates made by individuals proves ...
23
votes
2answers
784 views
Performance of a group solving a cognitive task: How does it scale?
Some intellectual, cognitive and perceptual tasks can be solved collaboratively. It is common knowledge that group performance is better than that of each single individual due to exchange of ...
