Ignoring the Wisdom of Crowds
blog.asmartbear.com
blog.asmartbear.com
Without controlling for when they are used the comparison of accuracy is literally meaningless.
The same stats show that, rightly or wrongly, the contestants didn't have as much faith in the audience for later stage, much harder questions.
I guess I should give the benefit of the doubt and assume the writer didn't notice this and the error is accidental but that's only slightly better than just ignoring it because you wanted a sexy anecdote to support your point.
About the worst thing you can do, but contestants love doing this, is to burn the valuable audience lifeline early on a question when you already have a good sense of the answer but just want to "make sure". What a waste! Save that for a question when you have no clue, which WILL happen before you reach the million level.
My intuition is that for ask the audience to be useful the number of people who know the answer has to be well above the noise or you don't get any wisdom from the crowd.
So that means that enough people have to know the right answer AND the wrong answers should be distributed as evenly as possible.
People don't often answer multiple choice trivia questions wrong in an evenly distributed way so this makes sense to me.
It would be cool to see some actual data on this though, I thought I remembered seeing something back when the show was huge but it's a vague memory.
I agree with the conclusion that the wisdom of the crowd doesn't apply to creative endeavors, and the reasoning why. The framing of the vote as a veto was stating the idea in a nice way.
But that means that all it is is a conclusion I already agree with prefaced by bad logic.
For demonstrational purposes, I will now take his holiday meal situation and apply actual wisdom of crowds to them. This isn't a very usual situation, but this is about properly applying the wisdom of crowds.
Instead of people stating what they dislike, people may nominate a meal, and afterwards, everyone votes for the meal they want to go with. Like in the Wants to be a Millionaire examples, people cannot talk in this process - they cannot state what they dislike. Instead, the fact that some people can't take spicy food will show in the results, but beside that, every individual will pick a meal that isn't boring, and the end result will be just that. "Allergic to garlic" and "doesn’t eat anything green" are rather specific complaints and were not taken into account, so let's count those 3 people as unsatisfied, but the success here is that most people will in fact be satisfied with the meal.
The advantage of focus groups is, you can identify themes which resonate. For example, the group might say "integrated" sounds good. That doesn't mean you want an integrated product, it just means that you need a sticker which says "integrated", and some justification (We integrate with Facebook, via our "Like" buttons!)
Experienced group moderators are aware of this take steps to mitigate and reflect in their notes.
There are other forms of market research beyond focus groups. Aggregated quantitative and qualitative one-on-ones also fit the OP's bill of "crowd wisdom"