The Wisdom of Crowds

The Wisdom of Crowds

Rating

8.0

The Pequod Review:

Malcolm Gladwell is the obvious comparison, but James Surowicki's book The Wisdom of Crowds is less glib and coheres into a better overall narrative. Surowicki draws on useful and well-chosen examples to show how the accuracy of collective intelligence requires a number of important conditions: the diversity of privately obtained information, independent and decentralized opinions, and some form of an aggregation mechanism.