In a phenomenon called ________, some argue that large numbers of people can make better decisions about a wide range of topics or products than a single person or even a small committee of experts.

Question

Quizplus · Accepted Answer

The correct term for this phenomenon is "the wisdom of crowds," as it suggests that a large group of people can make better decisions than a smaller group of experts or individuals. Option B, outsourcing, refers to delegating work or services to an external company, while Crowdsourcing is the act of obtaining information or input into a task or project by enlisting the services of a large number of people, either paid or unpaid. Social networking, option D, refers to online platforms that allow people to connect with each other and share information, but this is not directly related to the concept of the wisdom of crowds.

In a Phenomenon Called ________, Some Argue That Large Numbers