• Entry
  • Reader's guide
  • Entries A-Z
  • Subject index

Wisdom of Crowds Effect

  • By: Jack B. Soll, Albert E. Mannes & Richard P. Larrick
  • In: Encyclopedia of the Mind
  • Edited by: Harold Pashler
  • Subject:Linguistics (general), Cognitive Psychology (general)

Psychologists have historically conceived of crowds as suppressing individuality. Recently, an alternative vision of crowds has emerged: Each person potentially brings unique insights, which if combined properly can make the crowd a better decision maker than most ...