“When you combine the judgments of a large group of people to calculate the “wisdom of the crowd” you collect all the relevant information that is dispersed among all those people. But none of those people has access to all that information. One person knows only some of it, another knows some more, and so on.”

“When you combine the judgments of a large group of people to calculate the “wisdom of the crowd” you collect all the relevant information that is dispersed among all those people. But none of those people has access to all that information. One person knows only some of it, another knows some more, and so on.”

— Philip E. Tetlock