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0.1¢ conico ltd

CNJ Share Price estimate: Nearest to the pin by 23rd Dec., page-61

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PigsMightFly

7,705 Posts.

2797

15/09/22

21:11

Post #: 63726468
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Originally posted by chillicapital: ↑

According to a phenomenon called Wisdom of Crowds, if you add everyone's predictions and then divide them by the number of people in the survey, you will get the number that usually is very very close to what actually the answer is/will be.

I added up the answers above (some answers were ranges, so I picked the middle in the range) and the math came out:

607.8/20=30.39

Let's call it 30c then.

Of course, it would be amazing if we had more than 100 responses. But 20 responses is a good start.

More about how Wisdom of Crowds works is explained in video below. Start at 1:02 mark.

https://youtu.be/iOucwX7Z1HU?t=62

Expand

The Wisdom of Crowds relies on a diversity of opinions to be accurate. HC is mostly optimists and rampers.

A good rule is divide any HC target by 5-10 and you should be in the ball park.

CNJ Price at posting: 4.0¢ Sentiment: None Disclosure: Not Held
6 Upvote

0 Great analysis

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