Wisdom Beat

Eclectic wisdom research

The Wisdom Of Crowds Has No Use For Predicting The Lottery

By Michael Giberson | Knowledgeproblem.com

“English illusionist Derren Brown hosted a live television show last week during which he appeared to have predicted winning lottery numbers. He subsequently claimed (among other things) that he used the “wisdom of crowds” to generate the prediction.

In a follow-up show last night, watched by 3 million people, Brown said he used “a powerful, beautiful secret that can only be achieved when we all put our heads together.”

He went on to say that he had gathered a panel of 24 people who wrote down their predictions after studying the last year’s worth of numbers.

The guesses for each ball were then added up and divided by 24 to get the average guess.

Brown said it took a while to perfect the “deep maths” technique.

According to him, the predictions were correct because of the “wisdom of the crowd” theory which suggests that a large group of people making average guesses will come up with the correct figure as an average of all their attempts.”

Read the article.

September 15, 2009 - Posted by | Wisdom Blog posts

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: