“How social influence can undermine the wisdom of crowd effect”

Michael Giberson New in the Proceedings of the National Academy of Sciences, a paper showing how the “wisdom of crowd” effect can be undermined when members of the “crowd” are given information about what the rest of the crowd predicted. Averaged or full information about others’ predictions tended to narrow the diversity of predictions in … More “How social influence can undermine the wisdom of crowd effect”

The wisdom of crowds has no use for predicting the lottery

Michael Giberson English illusionist Derren Brown hosted a live television show last week during which he appeared to have predicted winning lottery numbers.  He subsequently claimed (among other things) that he used the “wisdom of crowds” to generate the prediction. In a follow-up show last night, watched by 3 million people, Brown said he used … More The wisdom of crowds has no use for predicting the lottery