The wisdom of the crowd is a concept that highlights the collective intelligence of a diverse group of individuals. It suggests that, when a large and diverse group of people independently provide their opinions, insights, and judgments on a particular issue, their combined wisdom can often lead to more accurate and reliable decisions than those made by a single expert or a small group of decision-makers.
When individuals with varying perspectives, expertise, and knowledge contribute their opinions independently, the aggregate of their insights tends to cancel out individual biases and errors, resulting in a more informed and well-rounded decision. This collective intelligence is especially valuable when addressing complex, multifaceted issues where no single person or small group possesses all the answers.
Wisdom of the crowd is one of the main pillars of study within Open Source Governance. The project tries to understand its dynamics and what motivates a crowd in making decisions collectively.