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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 the book but ran out of steam a little during the later chapters about democracy and financial markets.I did however, have many sparks of recognition when he was talking about the dynamics of meetings and how small groups emphasize consensus over dissent, leading to group think and poor decisions. ( )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. I included this book in my book: The 100 Best Business Books of All Time. www.100bestbiz.com. 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.... So far, so good. no reviews | add a review
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(retrieved from Amazon Tue, 05 Jan 2010 16:01:24 -0500)
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