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Enhancing crowd wisdom using measures of diversity computed from social media data

Published: 23 August 2017 Publication History

Abstract

"Wisdom of Crowds" (WoC) refers to a form of collective intelligence in which the aggregate judgment of a group of individuals is, in most instances, superior to that of any one group member. For a crowd to be wise, its members must possess diverse knowledge and viewpoints. Such diversity leads to uncorrelated judgment errors that cancel out in aggregate. Yet despite the fact that diversity is known to be an essential ingredient in WoC, little research aims to measure and exploit diversity in human social systems for the purpose of maximizing crowd intelligence. Here we quantify the diversity of a group of individuals through semantic analysis of their social media (Twitter) communications. Focusing on the domain of fantasy sports, we show that virtual crowds of fantasy team owners selected based on the diversity of their tweet content can outperform both non-diverse and randomly sampled crowds. Our results suggest a new approach for intelligent crowd assembly in which measures of diversity extracted from online social media communications can guide the selection of crowd members. These results have implications for numerous domains that utilize aggregated judgments - from consumer reviews, to econometrics, to geopolitical forecasting and intelligence analysis.

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Cited By

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  • (2024)The Crowd as a Source of Knowledge - From User Feedback to Fulfilling RequirementsProceedings of the 32nd International Conference on Information Systems Development10.62036/ISD.2024.109Online publication date: 2024
  • (2024)A new method for enhancing collective intelligence using expert’s knowledgeJournal of Information and Telecommunication10.1080/24751839.2024.23180738:4(531-547)Online publication date: 20-Feb-2024
  • (2023)Intelligent Collectives: Impact of Independence on Collective PerformanceCybernetics and Systems10.1080/01969722.2022.216273555:3(618-633)Online publication date: 13-Jan-2023
  • Show More Cited By

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cover image ACM Conferences
WI '17: Proceedings of the International Conference on Web Intelligence
August 2017
1284 pages
ISBN:9781450349512
DOI:10.1145/3106426
Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than ACM must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected]

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Publication History

Published: 23 August 2017

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Author Tags

  1. Twitter
  2. collective intelligence
  3. diversity
  4. fantasy sports
  5. semantic analysis
  6. social media
  7. wisdom of crowds

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WI '17 Paper Acceptance Rate 118 of 178 submissions, 66%;
Overall Acceptance Rate 118 of 178 submissions, 66%

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Cited By

View all
  • (2024)The Crowd as a Source of Knowledge - From User Feedback to Fulfilling RequirementsProceedings of the 32nd International Conference on Information Systems Development10.62036/ISD.2024.109Online publication date: 2024
  • (2024)A new method for enhancing collective intelligence using expert’s knowledgeJournal of Information and Telecommunication10.1080/24751839.2024.23180738:4(531-547)Online publication date: 20-Feb-2024
  • (2023)Intelligent Collectives: Impact of Independence on Collective PerformanceCybernetics and Systems10.1080/01969722.2022.216273555:3(618-633)Online publication date: 13-Jan-2023
  • (2021)The Diversity Gap: When Diversity Matters for KnowledgePerspectives on Psychological Science10.1177/1745691621100607017:3(752-767)Online publication date: 4-Oct-2021
  • (2021)Social Networks as Platforms for Enhancing Collective IntelligenceCybernetics and Systems10.1080/01969722.2021.201854453:5(425-442)Online publication date: 31-Dec-2021
  • (2019)Knowledge Graph Enhanced Community Detection and CharacterizationProceedings of the Twelfth ACM International Conference on Web Search and Data Mining10.1145/3289600.3291031(51-59)Online publication date: 30-Jan-2019
  • (2019)Deep Neural Ranking for Crowdsourced Geopolitical Event ForecastingMachine Learning for Networking10.1007/978-3-030-19945-6_18(257-269)Online publication date: 10-May-2019
  • (2018)Enhancing Crowd Wisdom Using Explainable Diversity Inferred from Social Media2018 IEEE/WIC/ACM International Conference on Web Intelligence (WI)10.1109/WI.2018.00-77(293-300)Online publication date: Dec-2018
  • (2018)Predictive Analysis on Twitter: Techniques and ApplicationsEmerging Research Challenges and Opportunities in Computational Social Network Analysis and Mining10.1007/978-3-319-94105-9_4(67-104)Online publication date: 18-Sep-2018

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