________ describes the concept that a large group of people is better at making correct decisions than a single person.

Question

Quizplus · Accepted Answer

The concept described is known as "the wisdom of crowds," which posits that a diverse group of individuals is more likely to make accurate decisions and predictions than any single individual. Outsourcing refers to the practice of hiring external contractors to perform tasks usually done by in-house staff, while crowdsourcing involves soliciting input or contributions from a large group of people. Social graphing is the process of analyzing social network data to uncover patterns and relationships.

________ Describes the Concept That a Large Group of People