Way back in 1906, the English polymath Francis Galton visited a country fair in which 800 people took part in a contest to guess the weight of a slaughtered ox. After the fair, he collected the guesses and calculated their average which turned out to be 1208 pounds. To Galton’s surprise, this was within 1 per cent of the true weight of 1198 pounds.
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To read the original article: Forget The Wisdom of Crowds; Neurobiologists Reveal The Wisdom Of The Confident | MIT Technology Review
