The wisdom of the crowd in funding: information heterogeneity and social networks of crowdfunders
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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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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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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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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
The Wisdom of the Crowd When Acquiring Information Is Costly
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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