Collective Intelligence: Wisdom Of The Crowds

The wisdom of the crowds.I’m here at NEASIS&T’s “Social Software, Libraries, and the Communities that (could) Sustain Them” event, presented by Steven Cohen.

He’s suggesting we read James Surowiecki’s The Wisdom of Crowds.

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 the argument. Still, it’s a thought-provoking, timely book: the TV studio audience of Who Wants to Be a Millionaire guesses correctly 91 percent of the time, compared to “experts” who guess only 65 percent correctly. Keep up the good work, comrades.

(emphasis added)

I’ve seen the bolded text quoted before, and I’ve been quoting it myself a lot. I guess I’ve got to go find it.

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2 Comments

  1. Comment by Steven M. Cohen on November 19, 2005 12:13 pm

    Regarding our lengthy discussion on Google, David Bigwood had an idea that I know you’ll appreciate:

    http://catalogablog.blogspot.com/2005/11/google-base.html

  2. Pingback by Dell Tells Linux Users Where To Put It « MaisonBisson.com on March 6, 2007 5:00 pm

    [...] sales slump and stock remains flat, the famously unimaginative company is trying to tap into the Mob for ideas about what new shade of grey to deliver its hardware in next. And what did the Dell [...]

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