Unpacking the Wisdom of Crowds

submitted by: dougramsey
In this talk, Dr.Scott E. Page, University of Michigan, will present three models for explaining the wisdom of crowds phenomenon, in which collections make better predictions than the individuals that comprise them. The first two models will be traditional models based on error cancellation and averaging. The third will be based on aggregating diverse predictive models using a framework developed by Hong and Page (2008). This talk is part of Calit2's 2008-2009 Behavioral, Social and Computer...