Network dynamics of social influence in the wisdom of crowds.

ABSTRACT: A longstanding problem in the social, biological, and computational sciences is to determine how groups of distributed individuals can form intelligent collective judgments. Since Galton's discovery of the "wisdom of crowds" [Galton F (1907) Nature 75:450-451], theories of collective intelligence have suggested that the accuracy of group judgments requires individuals to be either independent, with uncorrelated beliefs, or diverse, with negatively correlated beliefs [Page S (2008) The Difference: How the Power of Diversity Creates Better Groups, Firms, Schools, and Societies]. Previous experimental studies have supported this view by arguing that social influence undermines the wisdom of crowds. These results showed that individuals' estimates became more similar when subject

SUBMITTER: Becker J 

PROVIDER: S-EPMC5495222 | biostudies-literature | 2017 Jun

REPOSITORIES: biostudies-literature