Wisdom of the silicon crowd: LLM ensemble prediction capabilities rival human crowd accuracy.

ABSTRACT: Human forecasting accuracy improves through the "wisdom of the crowd" effect, in which aggregated predictions tend to outperform individual ones. Past research suggests that individual large language models (LLMs) tend to underperform compared to human crowd aggregates. We simulate a wisdom of the crowd effect with LLMs. Specifically, we use an ensemble of 12 LLMs to make probabilistic predictions about 31 binary questions, comparing them with those made by 925 human forecasters in a 3-month tournament. We show that the LLM crowd outperforms a no-information benchmark and is statistically indistinguishable from the human crowd. We also observe human-like biases, such as the acquiescence bias. In another study, we find that LLM predictions (of GPT-4 and Claude 2) improve when exposed to the

SUBMITTER: Schoenegger P 

PROVIDER: S-EPMC11800985 | biostudies-literature | 2024 Nov

REPOSITORIES: biostudies-literature