there is a theory called the wisdoms if crowds ‘ in this theory it dictates that...

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Question

there is a theory called the wisdoms if crowds ‘ in this theory it dictates that...

there is a theory called the wisdoms if crowds ‘

in this theory it dictates that groups can better predict the sucess of anproduct since they are smarter than any one person in them.

true or false??

business economics

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Answer 1

Answer #1

True

The theory suggests that a group collectively is smarter than any individual from that group. Thus, for any prediction, analysis etc, what the group thinks is smarter prediction.

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Answer 2

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