The Wisdom of Crowds

Download or read book The Wisdom of Crowds written by James Surowiecki and published by Anchor. This book was released on 2005-08-16 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.