The benefits of crowd wisdom/swarm intelligence in the form of superior decision-making and problem-solving skills have recently been analyzed and discussed by researchers from various fields. The goal of this paper is to identify the relevance of crowd wisdom for professional team sports leagues by analyzing, first, the emergence of crowd wisdom on a particular online platform (www.transfermarkt.de) and, second, by documenting the precision of the collectively gathered information. The authors evaluate the emergence and diffusion of information on...Read more
