wisdom of crowds

the gain in accuracy achieved when many individuals’ estimates are averaged. The phenomenon was first identified by Francis Galton after he examined the responses of contestants attempting to judge the weight of an ox; the average of all of these independent estimates was more accurate than were the individual estimates of experts.

Browse dictionary by letter

a b c d e f g h i j k l m n o p q r s t u v w x y z

Psychology term of the day

May 9th 2024

least perceptible duration

see just noticeable duration.