Individual experts may make very inaccurate predictions, sure. But averaged toge... | Hacker News

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Houshalter on Feb 27, 2017 | parent | context | favorite | on: Will Democracy Survive Big Data and Artificial Int...

Individual experts may make very inaccurate predictions, sure. But averaged together you get the wisdom of crowds effect.

wskinner on Feb 27, 2017 [–]

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_...

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