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Keywords: Wisdom of crowds
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Journal Articles
Journal:
Review of Behavioral Finance
Review of Behavioral Finance (2023) 15 (5): 652–671.
Published: 14 March 2022
...Haruo H. Horaguchi Purpose This article examines the accuracy and bias inherent in the wisdom of crowd effect. The purpose is to clarify what kind of bias crowds have when they make predictions. In the theoretical inquiry, the effect of the accumulated absolute deviation was simulated...
