Wisdom of the masses is a beautiful topic for many issues. And you may be able to use it for gambling. You can gamble, doing something with a small or high chance of an advantage, in four ways. You can do it impulsively, so spontaneously with perhaps some intuition. It can be done with a victory996 strategy , a kind of formula that you consistently adhere to.

Using acquired knowledge and experience is a third possibility. Finally, you can also use the knowledge of others. And usually, the more the better. Because the expression says two know more than one. But we are talking about the wisdom of the masses here.

The neutered bull

The phenomenon of wisdom of the masses has been known for a long time. The opposite is also true, but we are obviously less interested in the stupidity of the masses. Examples of wisdom of the masses can probably be found in ancient times. The best-known, and classically named, example is that of the neutered bull.

Wisdom of the masses in the ox, a neutered bull, was observed in 1904 by the statistician and psychologist Francis Galton. He saw a very old attraction, which still exists in all kinds of variants. In a cattle market it consisted of guessing the weight of the ox. No one guessed the exact weight, but Galton calculated the median of all 800 estimates. He found that it was close to the correct answer.

Wisdom of the masses

Wisdom of the masses is therefore the outcome of a certain question predicted by several people. According to Galton’s theory, the answers will overestimate and underestimate the correct answer in about equal measure.

The answer is measurable at the ox and other fairground, fair and cattle market attractions. The ox is placed on a scale before or after the race. Measuring, by counting, is also possible when guessing an amount of coins or marbles in a glass bowl. And with many games of chance and betting it is possible because the result is visible shortly afterwards.

Unfortunately, the phenomenon is also used when the answer is not or less measurable. You can quickly determine that when you see questions on social media such as ‘how can you become 100?’. Even if a thousand answers are given, it will not make you much wiser. This is not only because only one type of people answers. Above all, they are not experts.

Abuse and Useful Use

We want to say two more things about it and then we forget and move on quickly. In the media, the wisdom of the masses is often reduced to the street interview. A few people in a market are asked a question. The suggestion is made that they are representative of the masses, but in most cases only those answers are used that correspond to the chosen angle of the journalist.

In something like an epidemic, the immeasurable does work. Not by asking a large, anonymous group of people of all sorts for their opinion. Someone who wants an answer to a difficult question will gather as many experts as possible. They all have knowledge of the subject. In the end, this does not provide immediately useful answers, as with a number of marbles in a bowl. But it does provide information from which the questioner may be able to derive a useful answer.

August 8, 2020 By MADISON

Why Choose Us?

Have you ever wondered how Online Casino Ground came about and what our motives are? Let us tell you a little about our history, vision and mission.


RSS Site Feed

  • Advantages of Betting Casino: Maximize Your Gains
    In the realm of casino betting, strategic acumen can propel one towards substantial gains. By adeptly leveraging bonuses, managing bankrolls with precision goldbet888, and mastering the nuances of odds and probabilities, players can maximize their winnings. This article delves into the advantages of betting in casinos, offering insights on how to optimize comp points, rewards, […]
  • Best Countries for Gambling
    Discover the ultimate destinations for high-stakes excitement with our guide to the best countries for gambling. From the dazzling lights of Las Vegas to the opulence of Macau, and the sophistication of Monaco, these top gaming havens offer unparalleled experiences for enthusiasts worldwide raya88 ewallet. Whether you seek the thrill of slot machines or the […]
  • Live Casino Betting
    Live casino betting has revolutionized the gambling industry scrplay, offering players the opportunity to experience the thrill of a real casino from the comfort of their own homes. This article aims to provide an insightful analysis of the evolution and advantages of live casino betting, as well as tips and strategies for maximizing your chances […]
  • Slot E Wallet Free Credit
    Welcome to our article on Slot E Wallet Free Credit, where we explore the benefits, top games, and tips for maximizing this exciting promotion. Designed for individuals seeking freedom and convenience meta888, Slot E Wallet offers an innovative solution for online gaming enthusiasts. With this free credit, players can enjoy a range of thrilling slot […]
  • Advantages and Disadvantages of Online Casino Betting
    Online casino betting is a way for players to place wagers on a variety of casino games. The winnings from these bets are added to the player’s account, and the losses are deducted from it. Once the player has reached a certain limit, they can choose to stop playing. This is unlike offline casinos, which […]
  • Indonesian Judi Poker 
    Judi poker is an online game where players challenge each other and compete to win the most chips. This game is very popular in Indonesia and has many different variants. The most important thing to remember when playing judi poker is that you have to be smart and play the game according to your strategy. […]
  • Live Casino Betting
    Live Casino Betting A live casino betting experience is an immersive gaming option that allows players to enjoy the thrill of real-world gambling from the comfort of their own homes. The games are played in real time by a real dealer and croupier how to choose casino games to play, who broadcast the results to […]
  • Advantages of Online Casino Gambling
    Advantages of Online Casino Gambling Online casino gambling is a form of online gaming where players can place bets on various games at an Internet-enabled casino. These online casinos offer several advantages over their land-based counterparts winning online casino, including convenience and security. Moreover, they can be played at any time of the day or […]
  • Gambling Machines – How to Win Big and Lose Small
    Gambling Machines – How to Win Big and Lose Small A gambling machine, also known as a slot machine, fruit machine, poker machine or pokie, creates a game of chance for its customers how to win at online casino. The basic machine consists of reels, a spin button and a cash box. In order to […]
  • Sugar Daddy Tips – How to Meet a Potential Sugar Daddy
    Sugar Daddy Tips – How to Meet a Potential Sugar Daddy When meeting your potential sugar daddy, you need to be honest with him about your interests and intentions sugar baby malaysia. This way, he’ll be able to assess if you’re serious. However, you need to be careful not to give out too much information […]