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  1. en.wikipedia.org › wiki › Wisdom_of_the_crowdWisdom of the crowd - Wikipedia

    The wisdom of the crowd is the collective opinion of a diverse and independent group of individuals rather than that of a single expert. This process, while not new to the Information Age, has been pushed into the mainstream spotlight by social information sites such as Quora, Reddit, Stack Exchange, Wikipedia, Yahoo!

  2. www.investopedia.com › terms › wWisdom of Crowds: Definition, Theory, Examples - Investopedia

    Jul 31, 2022 · Wisdom of crowds is the idea that large groups of people are collectively smarter than individual experts when it comes to problem-solving, decision-making, innovating, and predicting.

  3. en.wikipedia.org › wiki › The_Wisdom_of_CrowdsThe Wisdom of Crowds - Wikipedia

    The Wisdom of Crowds: Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes Business, Economies, Societies and Nations, published in 2004, is a book written by James Surowiecki about the aggregation of information in groups, resulting in decisions that, he argues, are often better than could have been made by any single member ...

  4. www.bbc.com › future › article‘Wisdom of the crowd’: The myths and realities - BBC

    Jul 8, 2014 · The notion that a group’s judgement can be surprisingly good was most compellingly justified in James Surowiecki’s 2005 book The Wisdom of Crowds, and is generally traced back to an observation...

  5. hbr.org › 2018 › 12The Right Way to Use the Wisdom of Crowds

    Dec 20, 2018 · One popular approach for navigating these questions is turning to the “wisdom of crowds” – asking many people for their opinions and suggestions, and then combining them to form the best ...

  6. www.nationalgeographic.com › science › articleThe Real Wisdom of the Crowds - National Geographic

    Jan 31, 2013 · • 6 min read. In 1907, Sir Francis Galton asked 787 villagers to guess the weight of an ox. None of them got the right answer, but when Galton averaged their guesses, he arrived at a near perfect...

  7. www.psychologytoday.com › us › blogLearning From the Wisdom of the Crowd | Psychology Today

    May 8, 2023 · In his influential book, The Wisdom of Crowds, James Surowiecki argues that aggregating guesses or opinions of large numbers of people leads to more accurate answers because individuals tend to...