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User Review  - MartinBodek - LibraryThing

Never have I enjoyed a book so much that I completely disagreed with. There is much I learned here about processes and fundamental workings of everyday behavioral phenomena, but his thesis doesn't ... Read full review

LibraryThing Review

User Review  - wishanem - LibraryThing

I don't really have a lot to say about this book. I agree with the basic argument that groups can be smarter than individuals at certain tasks, but I wanted more substantive support. The anecdotes and ... Read full review

LibraryThing Review

User Review  - thcson - LibraryThing

This book was so bad that reviewing it feels like a waste of time, but I will briefly explain what's wrong with it. The author begins with an old idea: crowds can be wise when they exhibit diversity ... Read full review

LibraryThing Review

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

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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

User Review - Flag as inappropriate

If you have been afraid to read this book for fear of running into ideas that fall prey to the sharpshooter heuristic, your fears are founded. However, despite some bad arguments, this book was far more balanced that I imagined it would be. In truth, it should be titled The Wisdom and Stupidity of Crowds: Parsing out What Makes Groupthink More or Less Effective." It had a lot of interesting little tidbits of knowledge that were new for me. Because of this, I would recommend this book to anyone who is capable of sifting out anecdotal stories and focusing on the parts that were far more informative and fact-based. 

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This is one of the three books everyone who is trying to understand Google should read.

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It was good.

User Review - Flag as inappropriate

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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