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James Surowiecki

    April 30, 1967

    This author is celebrated for his keen insights into collective wisdom and its profound impact on society, economies, and business. His writing delves into how the knowledge and decisions of many can surpass the insights of the few, exploring the dynamics of group intelligence. Known for his clear and accessible prose, he translates complex ideas into engaging narratives that resonate with a broad audience. His work navigates diverse subjects, revealing the underlying forces that shape collective action and societal trends.

    Wisdom of Crowds
    • 2004

      Wisdom of Crowds

      • 400 pages
      • 14 hours of reading
      3.8(23039)Add rating

      In this landmark work, NEW YORKER columnist James Surowiecki explores a seemingly counter-intuitive idea that has profound implications: Decisions take by a large group, even if the individuals within the group aren't smart, are always better than decisions made by small numbers of 'experts'. This seemingly simply notion has endless and major ramifications for how businesses operate, how knowledge is advanced, how economies are (or should be) organised and how nation-states fare. With great erudition, Surowiecki ranges across the disciplines of psychology, economics, statistics and history to show just how this principle operates in the real world. Along the way Surowiecki asks a number of intriguing questions about a subject few of us actually understand - economics. What are prices? How does money work? Why do we have corporations? Does advertising work? His answers, rendered in a delightfully clear prose, demystify daunting prospects. As Surowiecki writes: 'The hero of this book is, in a curious sense, an idea, a hero whose story ends up shedding dramatic new light on the landscapes of business, politics and society'.

      Wisdom of Crowds