Friday, November 04, 2005


The Wisdom of Crowds

I recently finished listening to James Surowieki's Wisdom of Crowds on my iPod. He mentions three critical components to extract wisdom out of a crowd.
  1. Cognitive diversity
  2. Independent thought, and
  3. Efficient aggregation
He goes on to analyze what happens when one or more of these charactertics is missing. Great book--five stars.

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