What is the Wisdom of Crowds?
"The agregate knowledge of a crowd is greater than any one person in the crowd." The Wisdom of Crowds
Scientific studies quoted in our Information Page and real life experiences have proven that the larger the group, the better the knowledge when predicting the outcome of an unknown future event.
Example: In the TV show "Who wants to be a Millionaire", when the audience was polled to help the contestant with an answer to the question, the audience was right 96% of the time. "Ask a friend" failed over 50% of the time.
At DaVinciTrade, the larger the group participating in buying YES or NO shares in a Market Prediction, the more accurate the Probability Percentage displayed on each Market. When you put your money where your brain is, you tend to research more and pick Markets with which you are most familiar.
The result is phenomenally accurate as the group participating grows in numbers. It is not unusual for this trading exchange's Members to be correct in their Predictions 95% of the time. In the last U.S. presidential election DaVinciTrade members picked Obama over Hilary Clinton long before the polls and pundits did. As it turns out, the aggregate knowledge of vested groups of people participating is great, especially if they have prizes or money at stake.