The wisdom of crowds in one mind: how individuals can simulate the knowledge of diverse societies to reach better decisions

DOI10.1016/J.JMP.2010.10.002MaRDI QIDQ534446zbMATH OpenOpenAlexFDO

Authors Heiko Rauhut, Jan-Hendrik Lorenz

Publication date 17 May 2011

Published in Journal of Mathematical Psychology (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jmp.2010.10.002

Mathematics Subject Classification ID

Individual preferences (91B08) Memory and learning in psychology (91E40)

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Cites work

• Bounded rationality in individual decision making

Cited in

(8)

• Wisdom of Crowds in the Prisoner’s Dilemma Context
• Sequential sampling, magnitude estimation, and the wisdom of crowds
• What to tell? Wise communication and wise crowd
• Scalar utility theory and proportional processing: what does it actually imply?
• The wisdom of collective grading and the effects of epistemic and semantic diversity
• IMPORTANCE IN SYSTEMS WITH INTERVAL DECISIONS
• Opinion dynamics and wisdom under conformity
• The ambigous role of social influence on the wisdom of crowds: an analytic approach

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