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The wisdom of crowds

The "wisdom of crowds" is the phenomenon in which the sum of projections of a group of people can be dramatically more expensive, from all or most personal predictions of a separate person. The specific quote from the documentary "The Code" BBC, He explains this really amazing phenomenon.

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3 Comments

  1. bum says:

    wisdom of the crowd, Yes e? εμεις στο πολυτεχνειο we call it Στατιστικη …:p

    • Slayer says:

      A. Yes? So why the chance to say I candies 500 is the same as the chance to tell you -500 ?

  2. dimitris81 says:

    Very nice experiment.