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Economic model / Prediction / Science / Ethology / Time / Social information processing / Crowdsourcing / The Wisdom of Crowds


Prediction is very hard, especially about the future - Yogi Berra In this chapter, we apply the predictive model framework to explain the possibility of the wisdom of crowds. Our analysis culminates in two theorems: The
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Document Date: 2007-11-26 09:18:49


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City

Cambridge / Paper / San Diego / New York / /

Company

MIT Press / John Wiley and Sons / Boeing / Decentralized Systems / Enabling Self-Organizing Solutions / /

Currency

GBP / /

Organization

UCLA / MIT / /

Person

Norman Johnson / Micheala / Scott Page / Yogi Berra / Brody / Lu Hong / Ray / Maggie Cole Brody Micheala Julianna / Marilyn / Cole / /

Position

predictive model / /

Product

Boeing 747 / /

ProvinceOrState

Minnesota / California / /

PublishedMedium

The Journal of Economic Perspectives / /

Technology

Neural Network / /

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