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Data-Driven And Knowledge-Based Strategies For Realizing Crowd Wisdom On Social Media, Shreyansh Bhatt

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The wisdom of the crowd is a well-known example of collective intelligence wherein an aggregated judgment of a group of individuals is superior to that of an individual. The aggregated judgment is surprisingly accurate for predicting the outcome of a range of tasks from geopolitical forecasting to the stock price prediction. Recent research has shown that participants' previous performance data contributes to the identification of a subset of participants that can collectively predict an accurate outcome. In the absence of such performance data, researchers have explored the role of human-perceived diversity, i.e., whether a human considers a crowd as a …