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    <name><![CDATA[Christy]]></name>
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  <title>The Wisdom of Crowds</title>
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  <name>James Surowiecki</name>
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    <rating>4</rating>
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  <date_added>Sat Sep 27 18:11:36 -0700 2008</date_added>
  <date_updated>Wed Oct 01 11:29:50 -0700 2008</date_updated>
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    <body><![CDATA[We usually think that a crowd, taken as a whole, is going to be wrong.  But surprisingy, if you take everybody's individual wisdom and average it together, you'll get a better answer than you'll find from an expert.  We're not talking about committees here--you don't put everybody together and have them talk it out.  People have to come to their decisions independently.  This works whether you're guessing the number of jelly beans in a bottle, or finding a lost submarine, or trying to guess where the stock market will go.  Valuable lesson: don't think anybody is stupid, unless maybe it's an &quot;expert&quot; who doesn't listen to the ordinary people around him.]]></body>
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