Leveraging Leadership Expertise More Effectively in Organizations

We believe that the narrative of only listening to experts or trusting the wisdom of the crowd blindly is flawed. Instead we have developed a system that weighs experts and lay-people differently and dynamically and show that a good balance is required. We show that our methodology leads to a 15 percent improvement in mean performance, 15 percent decrease in variance, and almost 30 percent increase in Sharpe-type ratio in a real online market.