Back in 2005, Wikipedia was studied for accuracy against the Encyclopaedia Britannica. And they were found to be about the same. Since then Wikipedia has improved a lot, and they've stopped printing the Encyclopedia Britannica.
The 2005 "study" comparing Britannica and Wikipedia was not a rigorous peer-reviewed study, and they only looked at articles on relatively obscure science topics – a fact that no one seems to remember these days. The average Wikipedia vandal would not even know how to find an entry on a topic like the “kinetic isotope effect” or “Meliaceae” (two of the articles they looked at).
The assertion that Wikipedia is as reliable as Britannica is ludicrous. Granted, it's a lot bigger than Britannica, and has articles on breaking news stories, but as reliable? Of the English Wikipedia's nearly 5 million articles, at least 10% are on no Wikipedia editor's watchlist – a result of the continuous increase in the number of articles combined with the continuous decrease in the number of active editors – and those articles are sitting ducks for subtle vandalism.
Britannica may have had errors, but it did not contain false information inserted by anonymous people for fun or for financial gain; it contained no anonymous hatchet jobs written by people's rivals, and was not full of puff-pieces written by the biography subjects themselves.
Repeating this false "Wikipedia is as reliable as Britannica" meme only contributes to future cases like this one here, or this one.
As long as we're going to reinvent the wheel again, we might as well try making it round this time. - Mike Dennison