The wisdom of crowds concept is based on the belief a group of experts is always correct in its assessment of a problem.

Name: The wisdom of crowds concept is based on the belief a group of experts is always correct in its assessment of a problem.
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

The wisdom of crowds concept suggests that a large group of diverse and independent individuals can collectively make more accurate judgments and decisions than individual experts or small groups of experts, not that a group of experts is always correct.

The Wisdom of Crowds Concept Is Based on the Belief