Tuesday, November 10, 2009

"The Wisdom of Crowds" by James Surowiecki


The thesis of the book is that if you want to make a correct decision or solve a problem, large groups of diverse people are smarter than a few experts. It gives a plethora of social experiments and experiences to substantiate this counter intuitive proposition. However, it's written in a boring kind of way and whilst at the end you are convinced that there is a lot of truth in this thesis, it is never made clear why this happens. Another tough read.
Rating 2 out of 5

4 comments:

Zeta Zizou said...

the only downside might be if the groups are large enough and power is given to them, politics will ruin the decision making process

George Georgitsis said...

In theory, Zeta, isn't this what democracy is all about?

Zeta Zizou said...

In theory yes. We need very balanced and mature individuals not to downgrade it to political games. I am not ashamed to say that I start to have faith in the current government that they might be just the ticket

George Georgitsis said...

Too quick to come to a decision. I will wait...