summaries

The Wisdom of Crowds

The Wisdom of Crowds explores the concept that collective decisions and aggregated opinion often lead to better outcomes than those made by individuals. The book delves into the realms of market economics, behavioral psychology and network theory, and presents numerous examples and anecdotes to drive home its point. It draws fascinating conclusions about crowd wisdom, group decision making and the power of collective consciousness.
Published in May 18, 2004
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