How much does this cow weigh? (Classic)
Planet Money This episode originally ran in 2015. About one hundred years ago, a scientist and statistician named Francis Galston came upon an opportunity to test how well regular people were at answering a question. He was at a fair where lots of people were guessing the weight of an ox, so he decided to take the average of all their guesses and compare it to the correct answer. What he found shocked him. The average of their guesses was almost exactly accurate. The crowd was off by just one pound. This eerie phenomenon—this idea that the crowd is right—drives everything from the stock market to the price of orange juice. So, we decided to test it for ourselves. We asked Planet Money listeners to guess the weight of a cow. Spoiler: You can see the results here. This episode was host
0
(-)
Rate this episode:
Episode mentions
You can listen to this podcast, but not everything mentioned in it has been defined yet. Upvote it if you want it to be added next - the most voted podcasts will be added as soon as possible
Transcript
This episode has not been transcribed yet. Upvote it if you want it to be added next - the most voted podcasts will be added as soon as possible.