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Tag: Wisdom of the crowd

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Is People's Choice Good? Examining the Strengths and Weaknesses of Public Opinion

5 min read
In 1907, statistician Francis Galton observed that the average guess of a butchered ox's weight by a crowd at a fair was astoundingly accurate. This famous anecdote poses a central question: is people's choice good, and can it be trusted? The answer is far more complex than a simple yes or no, balancing the potential for collective wisdom with the dangers of popular fallacies and social pressures.