The relationship between crowd majority and accuracy for binary decisions

We consider the wisdom of the crowd situation in which individuals make binary decisions, and the majority answer is used as the group decision. Using data sets from nine different domains, we examine the relationship between the size of the majority and the accuracy of the crowd decisions. We find...

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Bibliographic Details
Main Authors: Michael D. Lee, Megan N. Lee
Format: Article
Language:English
Published: Society for Judgment and Decision Making 2017-07-01
Series:Judgment and Decision Making
Subjects:
Online Access:http://journal.sjdm.org/17/17406/jdm17406.pdf