Related papers: The Wisdom and Persuadability of Threads
Whether, and under what conditions, groups exhibit "crowd wisdom" has been a major focus of research across the social and computational sciences. Much of this work has focused on the role of social influence in promoting the wisdom of the…
The aggregation of many independent estimates can outperform the most accurate individual judgment. This centenarian finding, popularly known as the wisdom of crowds, has been applied to problems ranging from the diagnosis of cancer to…
"Wisdom of crowds" refers to the phenomenon that the average opinion of a group of individuals on a given question can be very close to the true answer. It requires a large group diversity of opinions, but the collective error, the…
The provision of information can improve individual judgments but also fail to make group decisions more accurate; if individuals choose to attend to the same information in the same manner, the predictive diversity that enables crowd…
Numerous studies and anecdotes demonstrate the "wisdom of the crowd," the surprising accuracy of a group's aggregated judgments. Less is known, however, about the generality of crowd wisdom. For example, are crowds wise even if their…
Wisdom of crowds refers to the phenomenon that the aggregate prediction or forecast of a group of individuals can be surprisingly more accurate than most individuals in the group, and sometimes - than any of the individuals comprising it.…
In this study, we build on previous research to understand the conditions within which the Wisdom of the Crowd (WoC) improves or worsens as a result of showing individuals the predictions of their peers. Our main novel contributions are: 1)…
Every day, we judge the probability of propositions. When we communicate graded confidence (e.g. "I am 90% sure"), we enable others to gauge how much weight to attach to our judgment. Ideally, people should share their judgments to reach…
The wisdom of crowds is the idea that the combination of independent estimates of the magnitude of some quantity yields a remarkably accurate prediction, which is always more accurate than the average individual estimate. In addition, it is…
A long-standing debate is whether social influence improves the collective wisdom of a crowd or undermines it. This paper addresses this question based on a naive learning setting in influence systems theory: in our models individuals…
Crowd predictions have demonstrated powerful performance in predicting future events. We aim to understand crowd prediction efficacy in ascertaining the veracity of human emotional expressions. We discover that collective discernment can…
Crowds can often make better decisions than individuals or small groups of experts by leveraging their ability to aggregate diverse information. Question answering sites, such as Stack Exchange, rely on the "wisdom of crowds" effect to…
Sentiment Analysis of microblog feeds has attracted considerable interest in recent times. Most of the current work focuses on tweet sentiment classification. But not much work has been done to explore how reliable the opinions of the mass…
Wisdom of the crowd, the collective intelligence derived from responses of multiple human or machine individuals to the same questions, can be more accurate than each individual, and improve social decision-making and prediction accuracy.…
Does talking to others make people more accurate or less accurate on numeric estimates such as quantitative evaluations or probabilistic forecasts? Research on peer-to-peer communication suggests that discussion between people will usually…
We propose an agent-based model of collective opinion formation to study the wisdom of crowds under social influence. The opinion of an agent is a continuous positive value, denoting its subjective answer to a factual question. The wisdom…
Human groups can perform extraordinary accurate estimations compared to individuals by simply using the mean, median or geometric mean of the individual estimations [Galton 1907, Surowiecki 2005, Page 2008]. However, this is true only for…
Human groups are able to converge on more accurate beliefs through deliberation, even in the presence of polarization and partisan bias -- a phenomenon known as the "wisdom of partisan crowds." Generated agents powered by Large Language…
Decades of research suggest that information exchange in groups and organizations can reliably improve judgment accuracy in tasks such as financial forecasting, market research, and medical decision-making. However, we show that improving…
The puzzling idea that the combination of independent estimates of the magnitude of a quantity results in a very accurate prediction, which is superior to any or, at least, to most of the individual estimates is known as the wisdom of…