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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 PDF, ePub eBook

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BOOK SUMMARY :

The wisdom of crowds why the many are smarter than the few and how collective wisdom shapes business economies societies and nations published in 2004 is a book written by james surowiecki about the aggregation of information in groups resulting in decisions that he argues are often better than could have been made by any single member of the groupthe wisdom of crowds james surowiecki on amazoncom free shipping on qualifying offers in this fascinating book new yorker business columnist james surowiecki explores a deceptively simple idea large groups of people are smarter than an elite fewin the wisdom of crowds new yorker columnist surowiecki explores the question of whether the many are better than an elite few no matter their qualifications at solving problems promoting innovation and making wise decisionssurowieckis text uses multiple case studies and touches on the arenas of pop culture sociology business management and behavioural economics among othersthe wisdom of crowds isnt about consensus or compromise so groups in which everyone agrees are likely to be less intelligent similarly when people are worried too much about what others think groups get dumber too the real paradox of the wisdom of crowds is that the way for the group to be smart is for each person to act as an individualthe wisdom of crowds why the many are smarter than the few and how collective wisdom shapes business economies societies and nations james surowiecki doubleday 2004 business and economics 296 pages the wisdom of crowdsis a brilliant but accessible biography of an idea

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