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Wisdom of the Crowds![]() Ask enough people to estimate something, and the average of their guesses will get you surprisingly close to the right answer. ![]() ![]() Counting CabsThink you can estimate better than the masses? Find out here. ![]() ![]() One-Minute ExperimentTry this simple test of the wisdom-of-the-crowds concept yourself. ![]() ![]() Ask the ExpertStatistician Ed George from the Wharton School answers your questions on averages, means, medians, and much more. ![]() Video ExtraFind out how averaging guesses helped locate a lost sub.
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© | Created June 2008 |