The Wisdom of Crowds

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Knopf Doubleday Publishing Group, Aug 16, 2005 - Business & Economics - 296 pages
5 Reviews
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.


From the Trade Paperback edition.
 

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The wisdom of crowds: why the many are smarter than the few and how collective wisdom shapes business, economies, societies and nations

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According to Surowiecki, the "simple but powerful truth" at the heart of his book is that "under the right circumstances, groups are remarkably intelligent, and are often smarter than the smartest ... Read full review

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Excellent book arguing for group thinking

Contents

The Wisdom of Crowds
3
Waggle Dances the Bay
23
Imitation Information Cascades
40
The CIA Linux and the Art
66
Coordination in a Complex World
84
Taxes Tipping Television and Trust
108
What Ve Have Here Is a Failure to Coordinate l4
158
The Columbia Disaster
173
Meet the New Boss Same as the Old Boss?
192
Prices
224
Dreams of the Common Good
259
Afterward to the Anchor Books Edition
273
Acknowledgments
283
Copyright

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About the author (2005)

James Surowiecki is a staff writer at The New Yorker, where he writes the popular business column, “The Financial Page.” His work has appeared in a wide range of publications, including the New York Times, the Wall Street Journal, Artforum, Wired, and Slate. He lives in Brooklyn, New York.

www.wisdomofcrowds.com


From the Trade Paperback edition.

Bibliographic information