The Wisdom of Crowds by James Surowiecki

Book was suggested by Lily

Pages to read: 291
ISBN: 9780385721707 (Originally listed edition, and edition I am using)

While reading the book, consider the below questions:
•Why do people change their behavior in a group?
•What are the conditions for a group to be wise? What are some conditions which are not required?
•Why is each condition needed? What happens if a condition is not met?
•What kind of problems can collective wisdom find solutions for?
•What is the purpose of dissentions?
•What are information cascades?
•Why do people imitate others? What are the benefits and disadvantages of imitation?
•What causes the amount of information within a system to change?
•Why do individuals trust other?
•What are some examples of a crowd that is wise? Crowd that is mad? Why are they either wise or mad?

My Review of the Book:
https://inquiryformanantilibrary.blogspot.com/2020/11/review-of-wisdom-of-crowds-by-james.html

Upcoming event:
https://www.meetup.com/Inquiry-Non-Fiction-Book-Club-for-Inquiring-Minds/events/

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Summary from Goodreads:
In this fascinating book, New Yorker business columnist James Surowiecki explores a deceptively simple idea: Large groups of people are smarter than an elite few, no matter how brilliant–better at solving problems, fostering innovation, coming to wise decisions, even predicting the future.

With boundless erudition and in delightfully clear prose, Surowiecki ranges across fields as diverse as popular culture, psychology, ant biology, behavioral economics, artificial intelligence, military history, and politics to show how this simple idea offers important lessons for how we live our lives, select our leaders, run our companies, and think about our world.