The Wisdom of the Crowd

Prelert (Aug 19 2011) Prelert Blog

1. In episode 3 of “The Code” (http://www.bbc.co.uk/programmes/b0137xfr), TV mathematician Professor Marcus du Sautoy demonstrated how accurate a group can be at making predictions. He filled a large jar with jelly beans, then asked 160 people how many they thought it contained. The individual estimates ranged from 400 to 50000! The correct answer was 4510, so [...] (Read Full Article)

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