The Wisdom of Crowds

The Wisdom of Crowds

by James Surowiecki

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Surowiecki shows that diverse, independent groups often outpredict any single expert. Crowd wisdom works with diversity, independence, and good aggregation, and breaks down without them.

Published:
Pages:
336
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In the Conversation

In this collection, The Wisdom of Crowds references 1 other book and is cited by 2 other books.

It draws on The Selfish Gene.

It’s picked up by More Than You Know: Finding Financial Wisdom in Unconventional Places and Thinking, Fast and Slow.

Scroll down to read the exact passages where other authors reference this book and what they say about it.

What This Book Draws On

1

The books Surowiecki references and why each one mattered to the argument.

Surowiecki draws on evolutionary theory on how collective intelligence emerges.

The Selfish Gene

References

The Selfish Gene

by Richard Dawkins

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What Other Authors Say About It

2

The exact passages where other authors bring up “The Wisdom of Crowds” and what they take from it.

Kahneman cites James Surowiecki's The Wisdom of Crowds when discussing his "decorrelate error" principle. He uses Surowiecki's pennies-in-a-jar example to show how independent judgements average out errors, but only when observers don't influence each other.

Part 1 (Halo Effect)

Thinking, Fast and Slow

Cited in

Thinking, Fast and Slow

by Daniel Kahneman

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Intellectual Lineage

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Citation Network

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Thinking, Fast and Slow

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