Question

Which of the following is not a benefit of the "wisdom of crowds" (i.e., collecting a group of independent opinions) approach to employee-related decisions?

Answer 1

Idiosyncratic errors cancel each other out

Is not a benefit of the "wisdom of crowds"approach to employee-related decisions

Explanation:

• The thinking that goes with 'wisdom of the crowd' is accepting the opinion of the various employees in an organization in their independent manner. This is an opinion where the group of independent people express what they feel and what is considered for answering a question.  
• The group are an independent lot who decentralized and are intelligent in their own rights. There is diversity in the group and their thinking is independent of what others have to say.
• The idiosyncratic errors cancel each other out is not a benefit of 'wisdom of crowds'.  Since the opinion of a large group of people is very diverse in their thinking and it is their independent opinion

To know more about diversity

Unity in diversity is needed to make India strong. what do you think are the diversities in our country ? Do you think diversity makes us more interesting?

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