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.

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Guessing statistical deviation

I'd like to know which type of statistical deviation humans will naturally estimate if asked to. Like, if you give them some points on a line and ask them to guess the "plus or minus error" ...
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wisdom of crowds and group polarization

I'm having a hard time understanding two concepts, wisdom of crowds and group polarization, at the same time. Wisdom of crowds states that aggregation of information or prediction, in groups are often ...
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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 ...
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25 votes
2 answers
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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 ...
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