The "Wisdom of Crowds" is a concept that suggests large groups of people can make better decisions or predictions than individuals or small groups. This idea is based on the belief that diverse opinions and knowledge can lead to more accurate outcomes, especially when individuals independently contribute their insights. This phenomenon can be observed in various contexts, such as market predictions, polling, and crowdsourcing. For example, when many people estimate the weight of an object, the average of their guesses often comes close to the actual weight, demonstrating how collective intelligence can surpass individual expertise.