Minna No Iken Wa Angai Tadashii
With boundless erudition and in delightfully clear prose, Surowiecki ranges across...more
This book was, well, disappointing. And I suspect that it’s because I expect more from a book. I expect an analysis that is more balanced and rigorous. While I am willing to accept a little grandstanding in an article, I find it intolerable in a book. What’s ironic about all of this is that he’s written a...more
The four essential conditions that make up a smart or wise crowd are:
- Diversity of Opinion
Each person must have some private information that he/she brings to the group. Their own interpretation or their own understanding of the problem s...more
This is a very interesting concept, fleshed out into a very boring book. It seems like a graduate thesis that got stretched to book length for publication in hopes of drafting the popular slipstream of writers such as Malcolm Gladwell.
The premise is fascinating, and the first chapter delivers. After that it...more
From an earlier review I wrote some time ago: Wisdom of Crowds is a very insightful book about how we make decisions. The author describes the dangers of homogeneity in promoting group think, something we will begin to see more of in the Bush second administration as he builds his Cabinet with "Yes" men and women. Ana...more
Sometimes these things happen.
This book does get dry at times, but it has a lot of information in it. What I particularly liked about it is that it referenced all kinds of studies. This is not a book of opinions or a representation of a speaker’s...more
The author separated the book into two parts: Part 1 and Part 2 and for the life of me I can't fathom why because it all ran together. The introduction starts off with numerous examples to the points he intends to make throughout the book that also have numerous--extensive--exa...more
1. Cognition problems: Problems that have definitive solution, such as how many jelly beans are in this big jar?
2. Coordination problems: Problems that require mem...more
Fortunately, the basic idea isn't hard to understand, and certainly it's repeated often...more
All of this meant in a good way, maybe closer in spirit to the former, in that the author takes a certain pleasure in deflating conventional wisdom (and at times taking unpopular positions, such as defending the "terrorism futures market" idea of a decade ago).
His discussion of open-source software, one of the more compelling examples of our time, is limited to Linux, but it was 10 years ago: I think even Surowiecki wo...more
I was willing to accept the basic premise of this book, but he just did a poor job at convincing me. Two major gripes about this book:
1. I believe very few groups could ever come close to meeting the criteria for a "wise group." It's so unlikely that at the very best this book is a theory about only a rare situation (ie it's applicable to guessing the weight of an ox by secret ballot) or at the very worst the narrow probability invalidates the entire theory. The...more
Much of the book is trite, some is just wrong.
He refers to the book Moneyball and how clever Oakland was using new ideas to win more games.
Like money sports is only about winning.
Their #1 goal is to make as much money as possible,
winning can help that,
but being entertaining is more important.
He admits that later in an example about Italian soccer.
In Moneyball, we're told that the way to win is to walk to first base,
1. Groups are smart.
2. They manage to coordinate their actions in complex situations and collaborate, even if individuals are acting in self-interest. Culture and "prosocial behaviour" help ensure this.
3. You just have to ensure that group members are diverse and are able to make de...more
The book is a great compilation - quoting and assimilating the learning of giants in the fields related to behavioural economics (Economics, Organizational behaviour, Cognitive science) - from Adam Smith to Chris Argyris, in dissertating how crowd intelligence wo...more
It seemed to me a hodge-podge of ideas similar to those found in other books I've read. The message seemed to be "Crowds are wise, except for when they are not." I have not decided...more
Surowiecki writes simply -- no jargon that i...more
An investigation, with certain provisos, of how smart the group is contrary to the experts...at least statistically. I'm sympathetic to the position.
But was another book on this topic necessary? Probably not....but I did enjoy the read and was enlightened by the process. Yet, this book has been written many times recently...perhaps it's just fulfilling a need, market demand,...more
Surowiecki memulakan tesis beliau dengan menarik di dalam buku ini ; Dengan mengisahkan...more
Surowiecki first developed his ideas for Wisdom of Crowds in his "Financial Page" column of The New Yorker. Many critics found his premise to be an interesting twist on the long held notion that Americans generally question the masses and eschew groupthink. "A socialist might draw some optimistic conclusions from all of this," wrote The New York Times. "But Surowiecki's framework is decidedly capitalist." Some reviewers felt that the academic language and business speak decreased the impact of t...more