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Wisdom of the crowd - Wikipedia

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The wisdom of the crowd is the collective opinion of a diverse 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! Answers, and other web resources which rely on collective human knowledge.[1] An explanation for this phenomenon is that there is idiosyncratic noise associated with each individual judgment, and taking the average over a large number of responses will go some way toward canceling the effect of this noise.[2] Trial by jury can be understood as at least partly relying on wisdom of the crowd, compared to bench trial which relies on one or a few experts. In politics, sometimes sortition is held as an example of what wisdom of the crowd would look like. Decision-making would happen by a diverse group instead of by a fairly homogenous political group or party. Research within cogn

Wisdom of the crowd - Wikipedia Jump to content From Wikipedia, the free encyclopedia Collective perception of a group of people For other uses, see Wisdom of the crowd (disambiguation) . Part of the Politics series Democracy History Theory Measuring / Indices / Rankings Types Anticipatory Athenian Cellular Consensus Conservative Cosmopolitan Defensive Deliberative Direct Economic Electronic Empowered Ethnic Grassroots Guided Hybrid regime Illiberal Inclusive Industrial Jacksonian Jeffersonian Liberal Liquid Majoritarian Media Monitory Multiparty Non-partisan Oral Participatory Pluralist Popul

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