The wisdom of the Crowds is a powerful and proven methodology that states large groups of ordinary people organized under the right conditions (a "Smart Crowd") outperform small groups of experts in making decisions and predictions. The idea is not new. It's the science behind Google and decision-making in some of the largest companies in the world. It has been proven time and again that collective wisdom consistently surpasses the experts. It also means your TuneGO Song Review has a high level of accuracy with results.
The four conditions required to form a "Smart Crowd" that delivers an accurate result are:
- Diversity of opinion: A sample group of reviewers with many different points of view makes better decisions than one where everyone has the same information.
- Independence: The reviewers' opinions are not influenced by others.
- Decentralization: Answers are given by individual reviewers based on their own local and specific knowledge rather than by a central person.
- Aggregation: There is a way of accurately measuring the sample group's collective answer.