Information sharing interferes with 'wisdom of crowds': study
Tuesday, May 17, 2011 - 10:30
in Psychology & Sociology
(PhysOrg.com) -- A statistical phenomenon, called the Wisdom of Crowds, happens when a group of individuals make guesses and the average of the guesses reveal accurate average answers. However, researchers have discovered that when the individuals are made aware of other participants guesses, there is a clear disruption to the accuracy of the guesses.