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   Articles with "wisdom crowd" as a keyword



The wisdom of the crowd in funding: information heterogeneity and social networks of crowdfunders

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recommendations! Published in 2018 at "Small Business Economics"

DOI: 10.1007/s11187-016-9829-3

Abstract: Crowdfunding has enabled large crowds to fund innovative projects. This type of funding might tap into the wisdom of crowds who were previously disconnected from the funding process. We distinguish between in-crowd and out-crowd funders… read more here.

Keywords: information; project; heterogeneity; wisdom crowd ... See more keywords

How to find the right answer when the 'wisdom of the crowd' fails

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recommendations! Published in 2017 at "Nature"

DOI: 10.1038/nature.2017.21370

Abstract: A new algorithm succeeds by asking members of large groups how they think others will respond. read more here.

Keywords: wisdom crowd; crowd fails; find right; right answer ... See more keywords

The motor Wisdom of the Crowd

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recommendations! Published in 2022 at "Journal of the Royal Society Interface"

DOI: 10.1098/rsif.2022.0480

Abstract: Wisdom of the Crowd is the aggregation of many individual estimates to obtain a better collective one. This effect has an enormous potential from the social point of view, as it means that a decision… read more here.

Keywords: motor control; young children; wisdom crowd; motor ... See more keywords

How Endogenous Crowd Formation Undermines the Wisdom of the Crowd in Online Ratings

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recommendations! Published in 2018 at "Psychological Science"

DOI: 10.1177/0956797618775080

Abstract: People frequently consult average ratings on online recommendation platforms before making consumption decisions. Research on the wisdom-of-the-crowd phenomenon suggests that average ratings provide unbiased quality estimates. Yet we argue that the process by which average… read more here.

Keywords: average ratings; online ratings; crowd formation; wisdom crowd ... See more keywords

Using Cognitive Models to Improve the Wisdom of the Crowd

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recommendations! Published in 2024 at "Current Directions in Psychological Science"

DOI: 10.1177/09637214241264292

Abstract: The wisdom of the crowd is the finding that aggregating the judgments of many people can lead to surprisingly accurate group judgments. Usually statistical methods are used to aggregate people’s judgments, but there are advantages… read more here.

Keywords: cognitive models; models improve; using cognitive; wisdom crowd ... See more keywords

Boosting wisdom of the crowd for medical image annotation using training performance and task features

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recommendations! Published in 2024 at "Cognitive Research: Principles and Implications"

DOI: 10.1186/s41235-024-00558-6

Abstract: A crucial bottleneck in medical artificial intelligence (AI) is high-quality labeled medical datasets. In this paper, we test a large variety of wisdom of the crowd algorithms to label medical images that were initially classified… read more here.

Keywords: task; wisdom; wisdom crowd; training performance ... See more keywords
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The Wisdom of the Crowd When Acquiring Information Is Costly

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recommendations! Published in 2021 at "Management Science"

DOI: 10.1287/mnsc.2020.3792

Abstract: We consider a sequential investment process that is characteristic of crowdfunding platforms, among other contexts. Investors wish to avoid the cost of information acquisition and thus prefer to re... read more here.

Keywords: information; acquiring information; wisdom crowd; information costly ... See more keywords

“Be the Buyer”—Leveraging the Wisdom of the Crowd in E-Commerce Assortment Planning

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recommendations! Published in 2025 at "Management Science"

DOI: 10.1287/mnsc.2023.01928

Abstract: E-commerce retailers often need to make inventory decisions for new products under high uncertainty. We study a new business practice of using crowdvoting, wherein a retailer first seeks input from customers on the desirability of… read more here.

Keywords: commerce assortment; leveraging wisdom; buyer leveraging; wisdom crowd ... See more keywords