Literature DB >> 25261350

Harnessing the wisdom of the inner crowd.

Stefan M Herzog1, Ralph Hertwig2.   

Abstract

Ever since Galton's classic demonstration of the wisdom of crowds in estimating the weight of a slaughtered ox, scholars of the mind and the public alike have been fascinated by the counterintuitive accuracy achieved by simply averaging a number of people's estimates. Surprisingly, individuals can, to some extent, harness the wisdom of crowds within the confines of their own mind by averaging self-generated, nonredundant estimates.
Copyright © 2014 Elsevier Ltd. All rights reserved.

Entities:  

Keywords:  crowd within; dialectical bootstrapping; estimation; inner crowd; judgment aggregation; judgments under uncertainty; wisdom of crowds

Mesh：

Year:  2014        PMID： 25261350     DOI： 10.1016/j.tics.2014.06.009

Source DB:  PubMed          Journal:  Trends Cogn Sci        ISSN： 1364-6613            Impact factor:   20.229


  6 in total

1.  How experts' own inconsistency relates to their confidence and between-expert disagreement.

Authors:  Aleksandra Litvinova; Stefan M Herzog; Ralf H J M Kurvers; Ralph Hertwig
Journal:  Sci Rep       Date:  2022-06-03       Impact factor: 4.996

2.  Memory and truth: correcting errors with true feedback versus overwriting correct answers with errors.

Authors:  Janet Metcalfe; Teal S Eich
Journal:  Cogn Res Princ Implic       Date:  2019-02-13

3.  How the wisdom of crowds, and of the crowd within, are affected by expertise.

Authors:  Joshua L Fiechter; Nate Kornell
Journal:  Cogn Res Princ Implic       Date:  2021-02-05

4.  On the round number bias and wisdom of crowds in different response formats for numerical estimation.

Authors:  Hidehito Honda; Rina Kagawa; Masaru Shirasuna
Journal:  Sci Rep       Date:  2022-05-17       Impact factor: 4.379

5.  A simple cognitive method to improve the prediction of matters of taste by exploiting the within-person wisdom-of-crowd effect.

Authors:  Itsuki Fujisaki; Hidehito Honda; Kazuhiro Ueda
Journal:  Sci Rep       Date:  2022-07-20       Impact factor: 4.996

6.  How Does the Accuracy of Children's Number Representations Influence the Accuracy of Their Numerical Predictions?

Authors:  Bradley J Morris; Rachael Todaro; Tracy Arner; Jennifer M Roche
Journal:  Front Psychol       Date:  2022-06-15
  6 in total

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