Which of the following best describes the condition(s) essential to the "wisdom of crowds" effect?
A) diversity of opinion
B) independence of thought
C) confidence
D) diversity of opinion and independence of thought

Question

Quizplus · Accepted Answer

The "wisdom of crowds" effect occurs when a diverse group of individuals independently provide their opinions or predictions on a certain topic. The combination of diverse opinions and independent thought leads to a more accurate and insightful outcome. Confidence, while important, is not essential to the effect.

Which of the Following Best Describes the Condition(s) Essential to the "Wisdom