On an effective and efficient method for exploiting the wisdom of the inner crowd

Abstract Researchers have shown that even an individual can produce the wisdom of the crowds, called “the wisdom of the inner crowd.” However, the previous methods leave room for improvements in terms of efficacy and response time. This paper proposes a more efficient method, which required a short...

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Main Authors: Itsuki Fujisaki, Kunhao Yang, Kazuhiro Ueda
Format: Article
Language:English
Published: Nature Portfolio 2023-03-01
Series:Scientific Reports
Online Access:https://doi.org/10.1038/s41598-023-30599-8
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author Itsuki Fujisaki
Kunhao Yang
Kazuhiro Ueda
author_facet Itsuki Fujisaki
Kunhao Yang
Kazuhiro Ueda
author_sort Itsuki Fujisaki
collection DOAJ
description Abstract Researchers have shown that even an individual can produce the wisdom of the crowds, called “the wisdom of the inner crowd.” However, the previous methods leave room for improvements in terms of efficacy and response time. This paper proposes a more efficient method, which required a short time, based on findings from cognitive and social psychology. The procedure is to ask participants to give two answers to the same question: first, their own estimate and, second, their estimate of public opinion. Experiments using this method showed that the averages of the two estimates were more accurate than the participants’ first estimates. That is, the wisdom of the inner crowd elicited. In addition, we found that the method could be superior to other methods in terms of efficacy and convenience. Moreover, we identified the conditions where our method worked better. We further clarify the availability and limitations of using the wisdom of the inner crowd. Overall, this paper proposes an effective and short-time method for harvesting the wisdom of the inner crowd.
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spelling doaj.art-7219bfc40ea24bdc8d052413c59d15432023-03-22T11:05:16ZengNature PortfolioScientific Reports2045-23222023-03-0113111210.1038/s41598-023-30599-8On an effective and efficient method for exploiting the wisdom of the inner crowdItsuki Fujisaki0Kunhao Yang1Kazuhiro Ueda2Graduate School of Arts and Sciences, The University of TokyoFaculty of Law, Chuo Gakuin UniversityGraduate School of Arts and Sciences, The University of TokyoAbstract Researchers have shown that even an individual can produce the wisdom of the crowds, called “the wisdom of the inner crowd.” However, the previous methods leave room for improvements in terms of efficacy and response time. This paper proposes a more efficient method, which required a short time, based on findings from cognitive and social psychology. The procedure is to ask participants to give two answers to the same question: first, their own estimate and, second, their estimate of public opinion. Experiments using this method showed that the averages of the two estimates were more accurate than the participants’ first estimates. That is, the wisdom of the inner crowd elicited. In addition, we found that the method could be superior to other methods in terms of efficacy and convenience. Moreover, we identified the conditions where our method worked better. We further clarify the availability and limitations of using the wisdom of the inner crowd. Overall, this paper proposes an effective and short-time method for harvesting the wisdom of the inner crowd.https://doi.org/10.1038/s41598-023-30599-8
spellingShingle Itsuki Fujisaki
Kunhao Yang
Kazuhiro Ueda
On an effective and efficient method for exploiting the wisdom of the inner crowd
Scientific Reports
title On an effective and efficient method for exploiting the wisdom of the inner crowd
title_full On an effective and efficient method for exploiting the wisdom of the inner crowd
title_fullStr On an effective and efficient method for exploiting the wisdom of the inner crowd
title_full_unstemmed On an effective and efficient method for exploiting the wisdom of the inner crowd
title_short On an effective and efficient method for exploiting the wisdom of the inner crowd
title_sort on an effective and efficient method for exploiting the wisdom of the inner crowd
url https://doi.org/10.1038/s41598-023-30599-8
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