Do low-confidence individuals decrease group judgments’ accuracy? Investigations in terms of the wisdom of crowds framework

Abstract

In group judgments in a binary choice task, the judgments of individuals with low confidence (i.e., they feel that the judgment was not correct) may be regarded as unreliable. Previous studies have shown that aggregating individuals’ diverse judgments can lead to high accuracy in group judgments, a phenomenon known as the wisdom of crowds. Therefore, if low-confidence individuals make diverse judgments between individuals and the mean of accuracy of their judgments is above the chance level (.50), it is likely that they will not always decrease the accuracy of group judgments. To investigate this issue, the present study conducted behavioral experiments using binary choice inferential tasks, and computer simulations of group judgments by manipulating group sizes and individuals’ confidence levels. Results revealed that (I) judgment patterns were highly similar between individuals regardless of their confidence levels; (II) the low-confidence group could make judgments as accurate as the high-confidence group, as the group size increased; and (III) even if there were low-confidence individuals in a group, they generally did not inhibit group judgment accuracy. The results suggest the usefulness of low-confidence individuals’ judgments in a group and provide practical implications for real-world group judgments.