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Wade

Beaverton, OR, USA | Member Since 2010

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  • The Wisdom of Crowds: Why the Many Are Smarter than the Few

    • ABRIDGED (5 hrs and 44 mins)
    • By James Surowiecki
    • Narrated By Erik Singer
    Overall
    (168)
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    (22)
    Story
    (23)

    In this endlessly fascinating book, New Yorker columnist James Surowiecki explores a deceptively simple idea that has profound implications: large groups of people are smarter than an elite few, no matter how brilliant. Groups are better at solving problems, fostering innovation, coming to wise decisions, even predicting the future.

    Hamad says: "great discourse on group dynamics...."
    "Non-intuitive insightful stuff, certainly worth it"
    Overall
    Performance
    Story

    Non-intuitive insightful stuff - certainly worth reading. A good case is made for why diverse groups in knowledge, expertise and experience, etc. perform better than homogeneous group, even a group of experts, in making predictions and finding solutions. The types of problems that can be addressed by groups (cognition, coordination, and cooperation) and the best framework for accurate results.

    Practical examples from historical problems including the space shuttle accident, 9/11 intelligence gathering, finding a lost US Navy sub filled with nuclear warheads, stock market bubbles and crashes, etc.

    Some useful information on why and how prediction markets works.

    0 of 0 people found this review helpful

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