by James Surowiecki
ISBN: 0385721706
Buy on Amazon
Found in 4 comments on Hacker News
yboris · 2021-11-06 · Original thread
Side note: "The Wisdom of Crowds" by James Surowiecki

https://www.amazon.com/Wisdom-Crowds-James-Surowiecki/dp/038...

smt88 · 2015-11-10 · Original thread
It isn't fool-proof, but there is a lot of research into the phenomenon that groups of humans are pretty good at predicting outcomes (much better than most individuals). I forget the math behind it, but it makes a lot of sense mathematically.

Here's a book all about it: http://www.amazon.com/The-Wisdom-Crowds-James-Surowiecki/dp/...

dbenhur · 2014-10-28 · Original thread
If you think you're going to harvest the "Wisdom of the Crowds", please go read James Surowiecki's book of the same name. http://www.amazon.com/The-Wisdom-Crowds-James-Surowiecki/dp/...

If that's too hard, at least understand the summary on Wikipedia: http://en.wikipedia.org/wiki/The_Wisdom_of_Crowds#Four_eleme...

A quick look at your site and it's clear you don't get point #2 Independence as you're showing people the prior avg before they submit their answer. I'll bet your site will suffer from a lack of #1 Diversity of opinion as well, as most websites tend to gather abnormally high concentrations of like minded people just through the natural ways they acquire and accrete audience.

clickbyclick · 2014-10-14 · Original thread
Good luck with the app, I read the intro and the first thought that popped up was Wisdom of Crowds: http://www.amazon.com/The-Wisdom-Crowds-James-Surowiecki/dp/...