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Summary: The Wisdom Of Crowds James Surowiecki

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  • Oleksandr Suprunetshas quoted10 years ago
    An internal decision market is where employees (drawn from different parts of the organization) set out different scenarios of what they think will happen in the future.
  • Oleksandr Suprunetshas quoted10 years ago
    small groups need diversity to be effective.
  • Oleksandr Suprunetshas quoted10 years ago
    mechanism for making an aggregate decision exists
  • Oleksandr Suprunetshas quoted10 years ago
    mechanism for making an aggregate decision
  • Oleksandr Suprunetshas quoted10 years ago
    own independent solution.
  • Oleksandr Suprunetshas quoted10 years ago
    diversity of opinion
  • Oleksandr Suprunetshas quoted10 years ago
    For a crowd to be smart
  • Oleksandr Suprunetshas quoted10 years ago
    What’s needed for a crowd to be wise?
  • Oleksandr Suprunetshas quoted10 years ago
    Chasing the expert is a mistake, and a costly one at that.”
  • Oleksandr Suprunetshas quoted10 years ago
    Under the right circumstances, groups are remarkably intelligent, and are often smarter than the smartest people in them. Groups do not need to be dominated by exceptionally intelligent people in order to be smart. Even if most of the people within a group are not especially well-informed or rational, it can still reach a collectively wise d
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