the wisdom of crowds, an innovative theory described in social science, claims that the aggregate decisions made by a group will often be better than those of its individual members if the four fundamental criteria of this theory are satisfied. this theory used for in clustering problems. previous researches showed that this theory can significantly increase the stability and performance of lea...

Abstract The puzzling idea that the combination of independent estimates magnitude a quantity results in very accurate prediction, which is superior to any or, at least, most individual known as wisdom crowds. Here we use federal reserve bank Philadelphia’s survey professional forecasters database confront statistical and psychophysical explanations this phenomenon. Overall find data do not sup...

In their simplest form, consensus gentium arguments for theism argue that is true on the basis everyone believes true. While such may have been popular in history, they all but fallen from grace philosophy of religion. this short paper, we reconsider neglected topic arguments, paying particular attention to value when deployed defence theistic belief. We while are unlikely offer anything close ...

Downloading Wisdom from Online Crowds The internet and other large textual databases contain billions of documents: is there useful information in the number of documents written about different topics? We propose, based on the premise that the occurrence of a phenomenon increases the likelihood that people write about it, that the relative frequency of documents discussing a phenomenon can be ...

The Web continues to grow and evolve very fast, changing our daily lives. This activity represents the collaborative work of the millions of institutions and people that contribute content to the Web as well as more than two billion people that use it. In this ocean of hyperlinked data there is explicit and implicit information and knowledge. But how is the Web? What are the activities of peopl...

In knowledge-based economies, many businesses enterprises defy traditional industry boundaries. In this study, we evaluate six “big data” approaches to peer firm identifications and show that some, but not all, “wisdom-of-crowd” techniques perform exceptionally well. We propose an analytical framework for understanding when crowds can be expected to provide wisdom and show, theoretically and em...

The fundamental question is this: can the wisdom of crowds be exploited to post-filter the literature?

Virtual runs have appeared recently. resemble historical bank in their human elements. Panicked crowds play a role, as do strong incentives to act early. This article explains why these frighten experts and outline some key open issues.