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by rphv
1061 days ago
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James Surowiecki's book "The Wisdom of Crowds" explores this the idea of harnessing collective intelligence in detail. The basic idea is that when everyone in a crowd makes a prediction or an estimate, the average of all those guesses will often be more accurate than any individual's opinion because individual errors, biases, and idiosyncrasies tend to cancel each other out in a large enough group. |
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