The Wisdom of Crowds

James Suroweicki’s The Wisdom of Crowds was rated as one of the best books of last year. The author argues that large groups of people will outperform a few experts at the process of making correct decisions. This argument seems weird and controversial at the beginning, but little by little, one realizes how convincing the idea of the wisdom of crowds is, and how it can be found, deeply integrated, in our everyday lives.

Some parts of the book, especially those dealing with complicated economic issues, may not be interesting to some readers. Other parts related with NFL may not be understood by most international readers. But in general, this book could be a good read for everyone.

Here is a piece from the last chapter on democracy:

[T]he democratic experience is an experience of not getting everything you want. It’s an experience of seeing your opponents win and get what you hoped to have, and of accepting it, because you believe that they will not destroy the things you value and because you know you will have another chance to get what you want.

3 thoughts on “The Wisdom of Crowds

  1. Sounds like a great book to read. Is it a business-kind of book? Motivational book? What section will I find it in? I currently finished reading a book called Prisoners of Hope, about these two girls, (who were in my uni in Texas) who were captured in Afghanistan and then escaped miraculously after 105 days back in 2003. It was a riveting read for me, because I knew one of the girls and several of the people mentioned in the book. Sadly it is not available here in the market. My copy was a gift for me. I am now looking for another book to read! I will check out the one you mentioned! :)

    Mansur

  2. Unfortunately, you won’t find this book here. I got it from Amazon. It is not a business or motivational book. It is basically explaining how a group can be smarter than even the smartest people within the group.
    You can read what bloggers are writing about it at Technorati.

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