Wisdom of Crowds by James Surowiecki

02/01/2013

Wisdom of Crowds by James Surowiecki

The behavior of crowds is fascinating. We think of crowds, as though they are "mobs" when, according to Surowiecki, they are intelligent and crucial for effective decision making. But is crucial that there is diversity of opinion in the crowd in order to make a good decision.

His book is a great companion to Kahneman's book.

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02/01/2013