Crowd-based decision-making

Crowd-based decision-making is a process where a group of people collectively make choices, often through shared input or voting, rather than an individual. It leverages diverse perspectives and experiences to improve accuracy, innovation, and consensus. This approach is used in platforms like online polls, prediction markets, or collaborative projects, where input from many contributors helps arrive at well-informed decisions, reduce bias, and tap into the collective intelligence of the community. By harnessing the wisdom of the crowd, organizations can make more balanced and reliable choices.