kaal:claim:3782217-008

A robust decentralized oracle finds better information because averaging across a crowd is typically better for complex situations, being less subject to the prejudices of individuals who hold more limited information, so overestimates and underestimates offset each other.

A robust decentralized oracle would find better information. The wisdom of the crowd can be employed to discover the truth. Averaging information is typically better for any complex situation, since they're less subject to the prejudices of the individual, who has more limited information.

Craig Calcaterra, Wulf A. Kaal, The Importance of History In Decentralization (2021), Oracles, p. 3
https://ssrn.com/abstract=3782217 · source PDF

Craig Calcaterra, Wulf A. Kaal, The Importance of History In Decentralization (2021). SSRN: https://ssrn.com/abstract=3782217

• all things being equal
• complex situations

mechanismsupport: arguedsmart-contractslaw-and-legal-systems

• supports kaal:claim:3782205-036 News services acting as oracles and information repositories must themselves be decentralized if the decentral...

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