The Wisdom of the Crowd Effect Was First Documented by Francis

question 53

True/False

The wisdom of the crowd effect was first documented by Francis Galton in the early 20th century.

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Definitions:

Canadian economy

The economic system of Canada, characterized by its rich natural resources, well-developed trade networks, and mixed economy that includes both private and public enterprises.

Post-industrialization

Refers to the phase following industrialization characterized by a shift from manufacturing-based economies to service-oriented and knowledge-based economies.

Social institutions

Established sets of norms and subsystems that support each society's survival, including family, education, religion, and the economy.

Aboriginal land rights

The recognition and legal enforcement of indigenous peoples' rights to own, manage, and occupy their ancestral lands.