How the internet bets on the future
Chapter 1
The wisdom of crowds
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Chapter 2
The digital betting arenas
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Chapter 3
The accuracy test
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Chapter 4
Ethics, manipulation, and the future
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YOUR GOAL
Master of How the internet bets on the future
Ch 1 · The wisdom of crowds
Fun Fact
Galton's ox: In 1906, 800 people guessed an ox's weight; their average guess was 1,197 pounds, just one pound off the actual weight.
Glossary
collective intelligence (noun)
The shared or group intelligence that emerges from the collaboration and collective efforts of many individuals. In 1906, Francis Galton observed that aggregated crowd guesses of an ox's weight were highly accurate.
The shared or group intelligence that emerges from the collaboration and collective efforts of many individuals. In 1906, Francis Galton observed that aggregated crowd guesses of an ox's weight were highly accurate.
Quiz
In Galton's 1906 experiment, how close was the crowd's average guess to the actual weight of 1,198 pounds?
Quiz
What animal's weight did Francis Galton's crowd guess during his famous 1906 experiment?
Quiz
What is the term for the collective intelligence that emerges when large groups pool their knowledge?
Quiz
Which US defense agency attempted to launch a controversial prediction market in 2003?