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Loading... The Wisdom of Crowdsby James Surowiecki
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will love Sign up for LibraryThing to find out whether you'll like this book. I enjoyed this book. The book develops the premise that crowds, under the right circumstances, can make extraordinarily good decisions. He make a number of studies showing the average of all people's inputs is surprisingly more accurate than the best member of the crowd. He also touches on when this crowd wisdom breaks down, citing such occasions as the stock market bubble, housing bubbles, and mob rule. The breakdown of crowd wisdom is only touched on, and if I have one complaint about the book, its that this is an important aspect of crowd wisdom and deserves more attention. (  )Nodosaurus | Jul 6, 2009 |   I included this book in my book: The 100 Best Business Books of All Time. www.100bestbiz.com. (  )toddsattersten | May 8, 2009 |   Enjoyed it - well written and intelligent with lots of interesting examples on how, given the right conditions, crowds can come up with some surprisingly good answers. Slightly put off by the impression that the real mission of the book was some sort of corporate training day on how to use this to improve your business.... (  )samsheep | Mar 22, 2009 | So far, so good. ( )hbilgin | Feb 8, 2009 | In many instances, the average guess of all the people is better than the guess of the smartest person in the room. For this to be true, however, three conditions must be satisfied: diversity of opinion, independence and decentralization. After reading this book, I started thinking a futures market on terrorism would have been a good thing. ( )attempter | Dec 14, 2008 | 1  0.063 seconds to build listing  no reviews | add a review
Amazon.com Product Description (ISBN 0385721706, Paperback)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. (retrieved from Amazon Fri, 24 Apr 2009 07:58:16 -0400) The first test round has been closed. Visit the Open Shelves Classification group for details. |
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