Wednesday, 18 April 2018

New study improves 'crowd wisdom' estimates

(Santa Fe Institute) In a new study published in the Journal of the Royal Society Interface, researchers Albert Kao (Harvard University), Andrew Berdahl (Santa Fe Institute), and their colleagues examined just how accurate our collective intelligence is and how individual bias and information sharing skew aggregate estimates. Using their findings, they developed a mathematical correction that takes into account bias and social information to generate an improved crowd estimate.

from EurekAlert! - Social and Behavioral Science https://ift.tt/2HMkYy0

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