Daily Reading: The Wisdom of Crowds
Today I borrow a classic book The Wisdom of Crowds, I expect to read this book for some years because I often find some articles mentioned this books in business magazines such BusinessWeek and Wired.
Results 1 - 10 of about 164 from www.businessweek.com for The Wisdom of Crowds
Results 1 - 10 of about 54 from www.wired.com for The Wisdom of Crowds
That is great reading thread to visit the 164 and 54 webpages 
Maybe I could display the wisdom of crowed from 164 and 54 links pages after I read all pages.
First I would visit Wikipedia……
The Wisdom of Crowds: Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes Business, Economies, Societies and Nations, first published in 2004, is a book written by James Surowiecki about the aggregation of information in groups, resulting in decisions that, he argues, are often better than could have been made by any single member of the group. The book presents numerous case studies and anecdotes to illustrate its argument, and touches on several fields, primarily economics and psychology.
The opening anecdote relates Francis Galton’s surprise that the crowd at a county fair accurately guessed the weight of an ox when their individual guesses were averaged (the average was closer to the ox’s true butchered weight than the estimates of most crowd members, and also closer than any of the separate estimates made by cattle experts).[1]
The book relates to diverse collections of independently-deciding individuals, rather than crowd psychology as traditionally understood. Its central thesis, that a diverse collection of independently-deciding individuals is likely to make certain types of decisions and predictions better than individuals or even experts, draws many parallels with statistical sampling, but there is little overt discussion of statistics in the book.
Its title is an allusion to Charles Mackay’s Extraordinary Popular Delusions and the Madness of Crowds, published in 1841.
Second I would view Youtube……
James Surowiecki on his book “The Wisdom of Crowds”
Then the book……
