Point spreads — the number of points by which a strong team can be expected to defeat a weaker team — are supposed to reflect the “wisdom of crowds.” But a new study in the Journal of Consumer Research found that crowds don’t have a clue.
“Point…
Tag Archives | wisdom
Does the wisdom of crowds prevail when betting on football?
The Brain in a Bucket
Have you ever seen a real brain? I remember the first time I saw one, in a neuropsych class: the instructor put on rubber gloves to protect against the formaldehyde preservative, popped the lid off [...]