Tagged Questions
6
votes
1answer
152 views
Appropriate metric(s) for quantifying the accuracy gain obtained from averaging dyads of estimates instead of adopting individual estimates?
Background
The question relates to research I am doing into the Wisdom of Crowds effect (Galton, 1907; Page, 2007; Surowiecki, 2004), in which an average of the estimates made by individuals proves ...
10
votes
3answers
164 views
Is there a random walk theory that can account for situations with more than two choices?
In the article "Two-stage Dynamic Signal Detection: A Theory of Choice, Decision Time, and Confidence" from 2010 by Pleskac and Busemeyer, a random walk model is presented for situations where a ...
