The Wisdom of Crowds
Anchor Books, 2005 - Business & Economics - 306 pages
In this fascinating book, New Yorker business columnist James Surowiecki explores a deceptively simple idea: Large groups of people are smarter than an elite few, no matter how brilliant–better at solving problems, fostering innovation, coming to wise decisions, even predicting the future.
With boundless erudition and in delightfully clear prose, Surowiecki ranges across fields as diverse as popular culture, psychology, ant biology, behavioral economics, artificial intelligence, military history, and politics to show how this simple idea offers important lessons for how we live our lives, select our leaders, run our companies, and think about our world.
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Review: The Wisdom of CrowdsUser Review - Adriaan Jansen - Goodreads
James Surowiecki argues that there are 3 types of problems for which crowds, under the right circumstances, may be able to offer better solutions than individuals, even experts: Cognition ... Read full review
Review: The Wisdom of CrowdsUser Review - Nuwan - Goodreads
The book is split into two parts: Part one is a "theory section" that discusses the three problems (Cognition, Cordination and Cooperation) associated with crowd wisdom, and the conditions needed for ... Read full review