The _____ is the idea that the market is collectively smarter than an individual.

Question

Quizplus · Accepted Answer

The "wisdom of the crowd" concept suggests that the collective opinion of a group of individuals rather than that of a single expert is more accurate. This idea is often applied to markets, where it's believed that the collective decisions of all market participants, on average, provide more accurate predictions and valuations than any single participant could.

The _____ Is the Idea That the Market Is Collectively