Many of you will be familiar with the “Wisdom of the Crowd”—a phenomenon where the average result of a large poll of people’s estimates tends to be very accurate, even when most people make poor estimates. I’ve written a short poll to test a small variant of this setup which I would like to test.
Specifically, I want to see how the weighted average of the results performs when the question is posed as “is the value in question closer to A or B?” This change is inspired by your usual two-party election where people choose between two extreme values, when many voters have opinions in the middle of the two.
Thank you for helping!
I’m a little worried about anchoring in this survey. Suggestions for how to improve it would be appreciated.
[POLL] Wisdom of the Crowd experiment
Many of you will be familiar with the “Wisdom of the Crowd”—a phenomenon where the average result of a large poll of people’s estimates tends to be very accurate, even when most people make poor estimates. I’ve written a short poll to test a small variant of this setup which I would like to test.
Please fill out this short poll.
Specifically, I want to see how the weighted average of the results performs when the question is posed as “is the value in question closer to A or B?” This change is inspired by your usual two-party election where people choose between two extreme values, when many voters have opinions in the middle of the two.
Thank you for helping!
I’m a little worried about anchoring in this survey. Suggestions for how to improve it would be appreciated.