The Wisdom of Crowds
| Author | : | |
| Rating | : | 4.50 (707 Votes) |
| Asin | : | 0385721706 |
| Format Type | : | paperback |
| Number of Pages | : | 336 Pages |
| Publish Date | : | 2013-01-05 |
| Language | : | English |
DESCRIPTION:
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.
Frank L. Greenagel II said we are smarter in groups, even those of us that deny it. James Surowiecki has been writing for the New Yorker for over a decade. This is his first book, and it was published in "we are smarter in groups, even those of us that deny it" according to Frank L. Greenagel II. James Surowiecki has been writing for the New Yorker for over a decade. This is his first book, and it was published in 2005.Surowiecki looks out how using the judgement of the group helps to make better decisions, as long as the group is diverse, comes by their knowledge separately and gets to make their judgements (votes) at the same. 005.Surowiecki looks out how using the judgement of the group helps to make better decisions, as long as the group is diverse, comes by their knowledge separately and gets to make their judgements (votes) at the same. "Important and Paradoxical" according to Steven Farron. Surowiecki's The Wisdom of Crowds documents and analyzes an extremely important phenomenon. When people guess at a question to which nearly no one knows the answer but most people can make a sensible guess (e.g., what proportion of the world's airports are in the USA; how many marbles can fit into a box that is a meter on each side) th. "Wisdom for decision-makers in any walk of life" according to Richard Stowell. Suroweiki engrossed me from the beginning. Though this book appears to be a collection of anecdotes about how crowds often outthink the experts, it struck me as a blueprint for how decision-makers should harness the power of people. Thus it is a treatise on smart business and marketing, good government, and sound organization managemen
Copyright © Reed Business Information, a division of Reed Elsevier Inc. . From Publishers Weekly While our culture generally trusts experts and distrusts the wisdom of the masses, New Yorker business columnist Surowiecki argues that "under the right circumstances, groups are remarkably intelligent, and are often smarter than the smartest people in them." To support this almost counterintuitive proposition, Surowiecki explores problems involving cognition (we're all trying to identify a correct answer), coordination (we need to synchronize our individual activities with others) and cooperation (we have to act together despite our self-interest). All rights reserved. He offers a great introduction to applied behavioral economics and game theory. "Wise crowds" need (1) diversity of opinion; (2) independence of members from one another; (3) decentralization