Vox Populi.

GALTON, F. (1907). Vox Populi. Nature, 75(1949), 450-451.

Type

Journal article

Intellectual base

Primary research

Year

1907

DOI

10.1038/075450a0

Link

https://doi.org/10.1038/075450a0

Cited from

economics_finance, neuroscience

Cited by

2 citations across 2 artifacts.

Each citation links to the sentence it supports in the citing article.

Primes

• Population Coding
  • Prediction markets and forecast aggregation apply the principle in economics, with explicit attention to the independence-of-noise condition that wisdom-of-crowds analyses since Galton have foregrounded.
• Wisdom of the Crowds
  • The earliest empirical demonstration is Galton's (1907) observation that the median of 787 independent guesses at the dressed weight of an ox at a country fair fell within 1% of the true value, beating nearly every individual estimate and every cattle expert present.

    This sourceReports the ox-weight competition at the West of England Fat Stock and Poultry Exhibition: the median of 787 independent guesses fell within 1% of the true dressed weight, the founding empirical demonstration of crowd accuracy through independent estimates.

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