ELI5: Explain Like I'm 5

Crowd wisdom

Hello there, kiddo! Today we're going to learn about something called "crowd wisdom".

Imagine you're playing a guessing game with lots of people. Each person makes a guess of how many jelly beans are in a jar. Some guesses might be too low or too high, but if you look at everyone's answer together, you might notice that they all have something in common.

This is where crowd wisdom comes in! When a lot of people give their opinion on something, their collective knowledge can sometimes be smarter and more accurate than just one person's opinion.

Crowd wisdom is when a large group of people come together to solve a problem or make a decision. It can be used in lots of different situations, like predicting stock market changes, ranking the best movies, or even solving complex mathematical equations.

Crowd wisdom is helpful because it combines the knowledge and experience of many people, which can often result in a more accurate answer or decision. It's kind of like a big team where everyone helps each other out to achieve the best result.

So you see, kid, crowd wisdom is just like when your class works together to solve a problem. Everyone brings their own ideas and knowledge, and together you can often come up with the best solution!