title: Harnessing the wisdom of the inner crowd.
abstract: Ever since Galton's classic demonstration of the wisdom of crowds in estimating the weight of a slaughtered ox, scholars of the mind and the public alike have been fascinated by the counterintuitive accuracy achieved by simply averaging a number of people's estimates. Surprisingly, individuals can, to some extent, harness the wisdom of crowds within the confines of their own mind by averaging self-generated, nonredundant estimates.
authors.affiliation: Max Planck Institute for Human Development, Center for Adaptive Rationality, Lentzeallee 94, 14195 Berlin, Germany. Electronic address: herzog@mpib-berlin.mpg.de.
authors.forename: Stefan M
authors.initials: SM
authors.lastname: Herzog
authors.affiliation: Max Planck Institute for Human Development, Center for Adaptive Rationality, Lentzeallee 94, 14195 Berlin, Germany.
authors.forename: Ralph
authors.initials: R
authors.lastname: Hertwig
mesh_terms: D003441:Crowding; D006801:Humans; D007600:Judgment; D008960:Models, Psychological; D012919:Social Behavior
keywords: crowd within; dialectical bootstrapping; estimation; inner crowd; judgment aggregation; judgments under uncertainty; wisdom of crowds