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The wisdom of crowd is the process of considering the group opinion as a better answer for a question compared to only one’s opinion. It includes the answers of estimating quantity, general knowledge and also spatial reasoning. In the book titled The Wisdom of Crowds: Why the Many are Smarter than the Few and How Collective Wisdom Shapes Business, Economies, Societies and Nations, James Surowiecki wrote about a lot of different case studies and also anecdotes about this wisdom of the crowd.

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by LottoPrediction , Mon 14 May, 2012
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