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Be Specific About Regarding Books The Wisdom of Crowds

Title:The Wisdom of Crowds
Author:James Surowiecki
Book Format:Paperback
Book Edition:Anniversary Edition
Pages:Pages: 306 pages
Published:August 16th 2005 by Anchor (first published May 19th 2004)
Categories:Nonfiction. Business. Psychology. Economics. Sociology. Science
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The Wisdom of Crowds Paperback | Pages: 306 pages
Rating: 3.81 | 21956 Users | 717 Reviews

Chronicle During Books The Wisdom of Crowds

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.

Details Books In Pursuance Of The Wisdom of Crowds

Original Title: The Wisdom of Crowds
ISBN: 0385721706 (ISBN13: 9780385721707)
Edition Language: English URL http://www.randomhouse.com/features/wisdomofcrowds/

Rating Regarding Books The Wisdom of Crowds
Ratings: 3.81 From 21956 Users | 717 Reviews

Evaluation Regarding Books The Wisdom of Crowds
Maybe somewhere inside this poorly written, incoherent book, there's a decent short article waiting to be written. Who knows, maybe that article has already been written, and that's why this foolishness has been perpetrated. My heart goes out to the poor fool who had to edit this thing; that's assuming it was edited, because you really can't tell by reading it. What must it have been like before the editing? Fortunately, the basic idea isn't hard to understand, and certainly it's repeated often

As a card-carrying member of the liberal elite, I approached James Surowiecki's book, The Wisdom of Crowds, with more than a small amount of skepticism. If his thesis, as exposed in the subtitle, "Why the Many Are Smarter than the Few and How Collective Wisdom Shapes Business, Economies, Societies, and Nations," was true, it would put all of my liberal beliefs about the importance of higher education and intelligence used by experts in the service of the greater good to a serious test. Would

I enjoyed this book. I wrote a review and then read everyone else's review and decided to return to write something more to the point. Some people did not even finish the book so I'd like highlight a few important concepts Surowiecki was trying to communicate.The four essential conditions that make up a smart or wise crowd are: - Diversity of OpinionEach person must have some private information that he/she brings to the group. Their own interpretation or their own understanding of the problem

A brilliant, thought-provoking survey of the many ways in which a kind of group intelligence emerges, leading to smarter groups, economics, even democracy. Well worth reading, if only to get past the cliche of "wisdom of crowds" to understand the circumstances under which this works, and those under which it goes terribly wrong.

"As he walked through the exhibition that day, Galton came across a weight-judging competition. A fat ox hade been selected and placed on display, and members of a agathering crowd were lining up to place wagers on the weight of the ox. (Or rather, they were placing wagers on what the weight of the ox would be after it had been slaughtered and dresssed.) For sixpence, you could buy a stamped and numbered ticket, where you filled in your name, your address, and your estimate. The best guesses



Surowiecki's thesis is even more powerful than he realizes. His ingredients for decentralized wisdom are essentially the ingredients of the Scientific Revolution, participatory democracy and how we naturally learn from experience.Wow! My first review for this site was sparse. I'm expanding this review for The Wisdom of Crowds as an acknowledgment during an election week of the importance of this thesis for democracy.The ingredients for collective wisdom are: independence, decentralization,

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