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THERE IS WISDOM WITHIN
How many crowd members are needed to accurately estimate the weight of these oxen?
It has come to our attention that a number of papers, all making similar points have been produced at about the same time. Here they are:
PAPERS ON SMALLER, SMARTER CROWDS
Budescu, D. V., & Chen, E. (2014). Identifying Expertise to Extract the Wisdom of Crowds. Management Science.
Davis-Stober, C. P., Budescu, D. V., Dana, J., & Broomell, S. B. (2014). When Is a Crowd Wise? Decision.
Fifić, M., & Gigerenzer, G. (2014). Are two interviewers better than one? Journal of Business Research, 67(8), 1771-1779.
Goldstein, Daniel G., R. Preston McAfee, & Siddharth Suri. (in press) The Wisdom of Smaller, Smarter Crowds. Proceedings of the 15th ACM Conference on Electronic Commerce (EC’14).
Jose, V. R. R., Grushka-Cockayne, Y., & Lichtendahl Jr, K. C. (2014). Trimmed opinion pools and the crowd’s calibration problem. Management Science.
Mannes, A. E., Soll, J. B., & Larrick, R. P. (in press). The wisdom of select crowds. Journal of Personality and Social Psychology.
This post will no doubt cause people to come forth with yet other papers, which we will include if they fit. Bring them on.