Re:Will Democracy Survive Big Data and Artificial Intelligence?
by Houshalter on Sunday February 26, 2017 @09:14PM
(#13741349)
Individual experts may make very inaccurate predictions, sure. But averaged together you get the wisdom of crowds effect.
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Re:Will Democracy Survive Big Data and Artificial Intelligence?
by wskinner on Monday February 27, 2017 @06:23PM
(#13749551)
Only if those experts' individual inaccuracies are uncorrelated - which for public intellectuals, they will probably always be. See https://en.wikipedia.org/wiki/The_Wisdom_of_Crowds#Failures_...