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The answer must also be within all of their domains of expertise for the 50% to have any meaning. You can’t have a “room full of smart people” as you’ll just arrive at suboptimal outcomes because your consensus relies on the lowest common denominator of understanding, which between experts in differing fields can be pretty low.



In the context of Condorcet's jury theorem, the percentages refer to the chance of voting for the correct outcome. Think of a legal trial and there is no ambiguity about the meaning of "50%" is.




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