The Wisdom of Crowds
July 28, 2008
Quite unbeliavable, but it seems that experts are regularly “beaten” by a common crowd when committed to produce an extimation or conjecture.
James Surowiecki deeply explains this theory in his wonderful book “The wisdom of crowds” – which we highly recommend to your attention.
You can visit the Iowa Electronic Markets website www.biz.uiowa.edu/iem to introduce yourself to the matter…
