{"id":127,"date":"2006-04-08T09:06:03","date_gmt":"2006-04-08T09:06:03","guid":{"rendered":"http:\/\/alephnaught.wordpress.com\/2006\/04\/08\/the-wisdom-of-crowds\/"},"modified":"2008-11-02T06:44:22","modified_gmt":"2008-11-02T14:44:22","slug":"the-wisdom-of-crowds","status":"publish","type":"post","link":"https:\/\/www.alephnaught.com\/Blog\/2006\/04\/08\/the-wisdom-of-crowds\/","title":{"rendered":"The Wisdom of Crowds"},"content":{"rendered":"<div id=\"content_div-127\">\n<ul>\n<li><strong>Title<\/strong><span style=\"font-family: Helvetica;\">:<a href=\"http:\/\/www.amazon.com\/gp\/product\/0385721706\/sr=8-1\/qid=1144511981\/ref=pd_bbs_1\/102-8115008-2144131?%5Fencoding=UTF8\" target=\"NewWindow\"> The Wisdom of Crowds<\/a><\/span><\/li>\n<li><strong>Author: <\/strong>James Surowiecki<\/li>\n<li><strong>Paperback: <\/strong>336 pages<\/li>\n<li><strong>Publisher: <\/strong>Anchor; Reprint edition (August 16, 2005)<\/li>\n<li><strong>ISBN: <\/strong>0385721706<\/li>\n<\/ul>\n<p>In my quest to learn more about business (never ending it seems), I found this book referenced in one of the business-related RSS feeds I read daily.  This is a really good book, I almost cracked it open at work a couple of times (I did drag it out to show a couple of people that I thought might catch the meme and spread it).<\/p>\n<p>The premise: crowds often make better decisions than individuals, even very gifted individuals.  But, as we all know, not all crowds are so smart.  Crowds that are diverse, independent and decentralized stand a good chance for making better decisions than individual people.  The author puts a lot of research, along with a bit of anecdotal evidence.  And, Surowiecki provides some counter examples, along with why they really aren&#8217;t.<\/p>\n<p>This book won&#8217;t tell you how to access the decision-making qualities of crowds, but it will give you some ideas on when to turn to crowds and how to craft and moderate small crowds when you need a decision.<\/p>\n<\/div>\n<div class=\"translate_block\" style=\"display: none;\">\n<hr class=\"translate_hr\" \/>\n<a class=\"translate_translate\" id=\"translate_button_post-127\" lang=\"en\" xml:lang=\"en\" href=\"javascript:show_translate_popup('en', 'post', 127);\"><span>Translate<\/span><\/a><img data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/www.alephnaught.com\/Blog\/wp-content\/plugins\/google-ajax-translation\/transparent.gif?resize=16%2C16&#038;ssl=1\" id=\"translate_loading_post-127\" class=\"translate_loading colorbox-127\" style=\"display: none;\" width=\"16\" height=\"16\" alt=\"\" \/>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Title: The Wisdom of Crowds Author: James Surowiecki Paperback: 336 pages Publisher: Anchor; Reprint edition (August 16, 2005) ISBN: 0385721706 In my quest to learn more about business (never ending it seems), I found this book referenced in one of the business-related RSS feeds I read daily. This is a really good book, I almost [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[2344,28,383,367],"class_list":["post-127","post","type-post","status-publish","format-standard","hentry","category-books","tag-books","tag-business","tag-decision-making","tag-management"],"aioseo_notices":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2w3Qj-23","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.alephnaught.com\/Blog\/wp-json\/wp\/v2\/posts\/127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.alephnaught.com\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alephnaught.com\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alephnaught.com\/Blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alephnaught.com\/Blog\/wp-json\/wp\/v2\/comments?post=127"}],"version-history":[{"count":0,"href":"https:\/\/www.alephnaught.com\/Blog\/wp-json\/wp\/v2\/posts\/127\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.alephnaught.com\/Blog\/wp-json\/wp\/v2\/media?parent=127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alephnaught.com\/Blog\/wp-json\/wp\/v2\/categories?post=127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alephnaught.com\/Blog\/wp-json\/wp\/v2\/tags?post=127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}