08.02.2020
Posted by admin


Remember that old carnival game, the one where you attempt to guess the number of jelly beans in a jar? While it often took some combination of luck and skill for any single person to accurately guess the correct number, it turns out that by averaging all of the guesses of a wide variety of people together, the averaged answer is surprisingly close to the correct response.This phenomenon is an example of what’s known as “the wisdom of the crowd,” a modeling strategy frequently used in.