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the claim

The wisdom of crowds concept has been applied to solve problems ranging from prediction markets to informed policy making.

the verdict
SUPPORTED
the evidence backs this
Recorded sources
4 sources for · 0 against

Counts group repeated records of the same source within each side. They do not measure evidence strength or source independence.

Is it true that the wisdom of crowds concept has been applied to solve problems ranging from prediction markets to informed policy making?

Yes. The claim is well supported by literature showing that collective intelligence and prediction markets derived from the wisdom of crowds are successfully applied to forecasting, business operations, public health surveillance, and policy-relevant contexts.

Verdict: SUPPORTED · 4 sources for, 0 against · Last checked

The analysis

The retrieved papers provide robust evidence across various domains (business forecasting, public health, geopolitical forecasting, and general collective intelligence) showing that the wisdom of crowds concept is actively and successfully applied to solve complex problems and inform decision-making. None of the papers refute the claim.

Evidence for · 4
How large language models can reshape collective intelligence.
2024
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JW, B., E, L., S, H., Z, R., S, A., MA, B., JA, B., A, B., J, B., L, B., L, F., SM, H., S, H., S, K., A, N., AM, N., T, Y., P, N., A, A., U, H., RHJM, K., S, L., I, R., D, S., A, S., AW, W., DU, W., & R, H. (2024). How large language models can reshape collective intelligence.. doi.org. https://doi.org/10.1038/s41562-024-01959-9

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More for · 3
Wisdom of Crowds in Operations: Forecasting Using Prediction Markets
2015
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Bassamboo, A., Cui, R., & Moreno, A. (2015). Wisdom of Crowds in Operations: Forecasting Using Prediction Markets. doi.org. https://doi.org/10.2139/ssrn.2679663

Collective Intelligence-Based Participatory COVID-19 Surveillance in Accra, Ghana: Pilot Mixed Methods Study.
2024
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G, M., P, D., P, N., R, R., E, K., E, C., K, N., K, O., H, H., M, M., JD, T., R, E., W, A., & S, S. (2024). Collective Intelligence-Based Participatory COVID-19 Surveillance in Accra, Ghana: Pilot Mixed Methods Study.. doi.org. https://doi.org/10.2196/50125

Human and Algorithmic Predictions in Geopolitical Forecasting: Quantifying Uncertainty in Hard-to-Quantify Domains.
2024
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BA, M., JP, M., L, L., & PE, T. (2024). Human and Algorithmic Predictions in Geopolitical Forecasting: Quantifying Uncertainty in Hard-to-Quantify Domains.. doi.org. https://doi.org/10.1177/17456916231185339

What does the evidence say?

The retrieved papers provide robust evidence across various domains (business forecasting, public health, geopolitical forecasting, and general collective intelligence) showing that the wisdom of crowds concept is actively and successfully applied to solve complex problems and inform decision-making. None of the papers refute the claim.

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