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How Many Skittles are in this Jar? - YouTube
Channel: Zuck That
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At a country fair in 1906 in the South of England
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They held contest to see who could best guess
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the weight of a certain cow they had there.
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A lot of people entered the contest.
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Over 800, in fact.
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What was interesting was that even though their guesses ranged from high to low,
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hundreds of pounds off from each other,
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A statistician named Sir Francis Galton calculated that the median guess,
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so if he ordered the guesses from low to high and looked at the middle one,
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was actually within 1% of the actual weight of the cow.
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The cow's weight was 1,198 pounds, and the median guess was only 9 pounds too high
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He was pretty interested by this phenomenon, and he called it Vox Populi,
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which means "The Voice of the People"
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And, I'm curious to know if it works, so today we're going to go find out!
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I didn't have a cow,
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so I did what any other person would do in this situation...
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(enter super market)
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(browse aisles)
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(take skittles)
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(checkout)
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(cut open skittles)
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(pour skittles in jar)
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And then I asked a lot of people...
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How many skittles...
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How many skittles...
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How many skittles...
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How many skittles...
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How many skittles...
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How many skittles...
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How many skittles...
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are in this container?
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Here's what they had to say
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"I think I'm going to guess 275"
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"1,500?"
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"Gonna go with 1,353"
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"2,500, all the time, keep saying like this"
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"2,500, and I'm guessing based on what I feel like is in a bag of skittles"
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"maybe... 300"
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2,225
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"713"
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"52"
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"3,000"
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"2,000?"
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"500"
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"I'm going to guess 1,750"
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"I'm just going to guess 17,000"
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"I'm gonna guess 2,000"
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"I have no interest in holding it because that actually doesn't do anything for me...
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I'm guessing there's 50 per row...
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well you have to think in patterns. I think patterns.
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it does seem like a lot though...
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um...
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I'm sorry, is this taking way too long?
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'All the time'
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1,250 seems too many
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um, i'll say 1,250"
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'all the time'
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Now for some explanation
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What I want you to realize is that each of these guesses is independent and individual.
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So, no guess is dependent on another guess and that's what makes the Wisdom of the Crowd work supposedly.
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The variation that comes between different people
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actually helps at the end of the day
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to produce an average, accurate, answer.
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So, you might think that working together in a group is beneficial,
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bouncing ideas off one another.
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But that's actually not the case.
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What usually happens in a group setting is that
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the person with the loudest voice or the highest status
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or even just the person who speaks first can sway a whole conversation in the way that they choose
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Watch, actually, what happens in this next clip where one of our participants does just that:
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bases her judgement off of the two that came before hers
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"I'm gonna go with 1,500 because
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I want to guess in between the two of them, and that's my answer."
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So yes, we can reap the benefits of the crowd's wisdom,
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but only if each component and voice of that crowd is independent and individual.
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One example of this, exactly, is in the game show "Who Wants to be a Millionaire?"
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I'm sure you're familiar with this, but 'Ask the Audience'
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is just an example of the Wisdom of the Crowd in action.
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"Today, I think this might be a good time to ask the audience."
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"I guess I'll probably have to ask the audience."
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"I'd like to ask the audience."
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"I think, I'm gonna ask the audience."
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"Can I ask the audience?"
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"Can I ask the audience?"
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♩The Next Episode♩
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Over the many years that the show has been on air
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contests have only gotten the questions right about 65% of the time.
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and the audience, on the other hand, has had a 91% success rate.
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It's not just in game shows, though, that combined forecasts and average opinions are better than individual ones.
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If you go to macroeconomic forecasting, there's one clear example of this too.
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One example of this is the Blue Chip Economic Indicators Survey,
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which takes the voices of over 70 different economists
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and merges them into one aggregate forecast.
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It takes voices form academic institutions
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to major banks
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to consulting firms
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and averages their voice out into one consensus.
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Over a span of 15 years
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this survey has performed better than any one of the individuals who comprise it.
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Alright, so I just counted up the number of skittles,
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and there were so close to 1,500
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and in total
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we have 1,499 skittles
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and then
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four little duds right here.
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At this point, you're probably still wondering
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did the experiment work today? That's what I want to know.
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And, in fact, it did not.
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The median guess from our crowd was 1,000 skittles, and as you just saw
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the actual amount of skittles was 1,499.
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If you asked me why this didn't work, I have a couple ideas.
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Perhaps, our samples size isn't large enough.
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At 130 people, there's still enough room for variation.
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But, 1,000? 1,499? That's still a very big gap.
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What went wrong?
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Well, one thing that definitely could have been the case is that aside from the median being 1,000,
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our mode was also 1,000.
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Out of a population of 130, 10% of people interviewed guessed 1,000.
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"1,000"
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"1,000"
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"1,000"
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If you think about it, 1,000 isn't an unreasonable guess.
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There weren't about 100 skittles in the jar, and there weren't about 10,000 skitlles in the jar.
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So, going to 1,000, the closest power of 10 to our answer
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is pretty good judgement.
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And at that point, I don't know if our
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participants had a great enough incentive to refine their guess.
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As you see,
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sometimes science doesn't work out as expected.
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Sometimes you'll find data that confirms a theory, and sometimes you won't.
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But, if you think there's a flaw in my experiment, please let me know in the comments below
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and I would be very willing to retry this
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but otherwise, I hope you enjoy this first video of my channel
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If you liked it, like this video.
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And if you want to stay in touch and see what's next, click right here to subscribe.
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See you then.
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'All the time'
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