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Using big data to predict collective behavior in the real world1

Published online by Cambridge University Press:  26 February 2014

Helen Susannah Moat
Affiliation:
Department of Civil, Environmental and Geomatic Engineering, University College London (UCL), London, WC1E 6BT, United Kingdom. Suzy.Moat@wbs.ac.uk http://www.wbs.ac.uk/about/person/suzy-moat/ Behavioural Science Group, Warwick Business School, The University of Warwick, Coventry, CV4 7AL, United Kingdom. Tobias.Preis@wbs.ac.uk http://www.wbs.ac.uk/about/person/tobias-preis/ Chengwei.Liu@wbs.ac.uk http://www.wbs.ac.uk/about/person/chengwei-liu/ Nick.Chater@wbs.ac.uk http://www.wbs.ac.uk/about/person/nick-chater/
Tobias Preis
Affiliation:
Behavioural Science Group, Warwick Business School, The University of Warwick, Coventry, CV4 7AL, United Kingdom. Tobias.Preis@wbs.ac.uk http://www.wbs.ac.uk/about/person/tobias-preis/ Chengwei.Liu@wbs.ac.uk http://www.wbs.ac.uk/about/person/chengwei-liu/ Nick.Chater@wbs.ac.uk http://www.wbs.ac.uk/about/person/nick-chater/
Christopher Y. Olivola
Affiliation:
Tepper School of Business, Carnegie Mellon University, Pittsburgh, PA 15213. olivola@cmu.edu https://sites.google.com/site/chrisolivola/
Chengwei Liu
Affiliation:
Behavioural Science Group, Warwick Business School, The University of Warwick, Coventry, CV4 7AL, United Kingdom. Tobias.Preis@wbs.ac.uk http://www.wbs.ac.uk/about/person/tobias-preis/ Chengwei.Liu@wbs.ac.uk http://www.wbs.ac.uk/about/person/chengwei-liu/ Nick.Chater@wbs.ac.uk http://www.wbs.ac.uk/about/person/nick-chater/
Nick Chater
Affiliation:
Behavioural Science Group, Warwick Business School, The University of Warwick, Coventry, CV4 7AL, United Kingdom. Tobias.Preis@wbs.ac.uk http://www.wbs.ac.uk/about/person/tobias-preis/ Chengwei.Liu@wbs.ac.uk http://www.wbs.ac.uk/about/person/chengwei-liu/ Nick.Chater@wbs.ac.uk http://www.wbs.ac.uk/about/person/nick-chater/

Abstract

Recent studies provide convincing evidence that data on online information gathering, alongside massive real-world datasets, can give new insights into real-world collective decision making and can even anticipate future actions. We argue that Bentley et al.’s timely account should consider the full breadth, and, above all, the predictive power of big data.

Information

Type
Open Peer Commentary
Copyright
Copyright © Cambridge University Press 2014