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User Review  - ariahfine - LibraryThing

The Wisdom of Crowds falls into the same genre as Freakonomics and Malcolm Gladwell's books, a fascinating collection of interesting stories, studies and anecdotes toward a general premise. Surowiecki ... Read full review

LibraryThing Review

User Review  - Scarchin - LibraryThing

Wow! This book really challenged my assumptions regarding how decisions are made in groups of all sizes and compositions. If you enjoyed any of Malcolm Gladwell's books, you are going to love this. It ... Read full review

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User Review  - getaneha - LibraryThing

Another interesting title, The Wisdom of the Crowds. Another long subtitle: Why the Many Are Smarter Than the Few. These authors writing about the social media intentionally choose a very catchy ... Read full review

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User Review  - TheAmpersand - LibraryThing

In a way, it's difficult for me to render any sort of judgment on "The Wisdom of Crowds." I don't know a lot about economics; I made the mistake of majoring in the humanities. Heck, I think I'm the ... Read full review

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User Review  - djaquay - LibraryThing

Except for the last chapter, I loved this book. An amazing perspective on how and when more heads are better than one. Oddly enough, the book as a whole increased my faith in our (American) political ... Read full review

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User Review  - mortensengarth - LibraryThing

influential in developing thought. tidbits from many of my books on networks, free agent capitalism, statistics, math. this is a favorite among many well read that i know. Read full review

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informative and well-written, this book examines the peculiar ability of a large group of people to arrive at answers as good as even better than the average and almost as good as the best among them. this characteristic is what makes markets work - when they do. surowiecki makes a stab at the essentials that govern what kind of problems a "crowd" as suited to solve, and the makeup of a "crowd" that seems to give the best results. three general classes of problems suited to crowds are identified: cognition, coordination and cooperation problems. the factors driving solution are identified as diversity, independence, decentralization and a means by which collective wisdom can be aggregated. surowiecki draws primarily from behavioural economics and psychology to support his claims.
the first half of the book keeps to the theory while the second half deals with an interesting range of applications: traffic, scientific research (issues with competition and collaboration), small group dynamics (committees, the phenomena of group think), the oddity of the company (ronald coase's transaction costs, organizational pathologies), financial markets (the phenomena of herd mentality) and democracy. the chapters on small groups, the company and markets were particularly insightful.

LibraryThing Review

User Review  - piersanti - LibraryThing

A very interesting book. If you like informative nonfiction written in a popular, easy-to-understand format, then you'll love this. Read full review

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User Review  - Dangraham - LibraryThing

An excellent read. Surowiecki shows how the masses are sometimes smarter than the smartest person when working together to solve problems. Read full review

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User Review  - jensgram - LibraryThing

Interesting and well-written, although it seems to loose focus in the end. Read full review

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