Book description
This work offers a summary of the book "THE WISDOM OF CROWDS: Why
the Many Are Smarter than the Few and How Collective Wisdom Shapes
Business, Economies, Societies and Nations" by James Surowiecki.
James Surowiecki is a staff writer and columnist at The New Yorker. He
has also written articles that have been published in the New York
Times, The Wall Street Journal, Artforum, Wired and Slate. Collective
thinking always outperforms the individual brilliance even of highly
skilled people. Large groups of people who think and act collectively
always make better decisions, come up with better breakthroughs, solve
difficult problems and predict the future better than any one individual
can match. This concept is counterintuitive because we live in an era
when the expert is highly regarded. However, this line of thought is
flawed. Instead of endlessly hunting for an expert that has all the
answers, we should spend more time asking the crowd. According to
Surowiecki, when you need an intelligent decision, find out what the
crowd is saying because it is always more likely to come to a better
decision. The Wisdom of Crowds is an entertaining book that highlights
the efficiency of teams. It will undoubtedly influence the way you take
your decisions.
