Archive for December 29th, 2005

The Wisdom of Crowds. James Surowiecki

The Wisdom of Crowds. James Surowiecki. 2005. ISBN 0385503865. Another
NYTimes journalist who had an interesting idea. His treatise is that
average folks in a diverse group can make better choices more often than
suggested experts on pretty well anything. He points to a wide range of
things, from weight guessing games at state fairs, to the stock market,
through to tribunals. What is needed is to ensure that the folks in the
group are diverse, not subject to group think and that they all receive
the similar amounts of information. Easy read and it was quite
interesting. If you liked Blink this is a good complement.