James Surowiecki

A Quote by James Surowiecki on groupthink

The important thing about groupthink is that it works not so much by censoring dissent as by making dissent seem somehow improbable.

James Surowiecki

Source: The Wisdom of Crowds, Pages: 37

Contributed by: ~C4Chaos

A Quote by James Surowiecki on group, independence, and diversity

The smartest groups, then, are made up of people with diverse perspectives who are able to stay independent of each other. Independence doesn't imply rationality or impartiality, though. You can be biased and irrational, but as long as you're independent, you won't make the group any dumber.

James Surowiecki

Source: The Wisdom of Crowds, Pages: 41

Contributed by: ~C4Chaos

A Quote by James Surowiecki on intelligence, wisdom, crowds, and google

This intelligence, or what I'll call "the wisdom of crowds," is at work in the world in many different guises. It's the reason the Internet search engine Google can scan a billion Web pages and find the one page that has the exact piece of information you were looking for. It's the reason it's so hard to make money betting on NFL games, and it helps explain why, for the past fifteen years, a few hundred amateur traders in the middle of Iowa have done a better job of predicting election results than Gallup polls have.

James Surowiecki

Source: The Wisdom of Crowds, Pages: Introduction: XIV

Contributed by: ~C4Chaos

A Quote by James Surowiecki on compromise, diversity, independence, disagreement, and consensus

Diversity and independence are important because the best collective decisions are the product of disagreement and contest, not consensus or compromise.

James Surowiecki

Source: The Wisdom of Crowds, Pages: Introduction: XIX

Contributed by: ~C4Chaos

A Quote by James Surowiecki on diversity, collective, wisdom, group, and expert

The fact that cognitive diversity matters does not mean that if you assemble a group of diverse but thoroughly uninformed people, their collective wisdom will be smarter than an expert's. But if you can assemble a diverse group of people who possess varying degrees of knowledge and insight, you're better off entrusting it with major decisions rather than leaving them in the hands of one or two people, no matter how smart those people are.

James Surowiecki

Source: The Wisdom of Crowds, Pages: 31

Contributed by: ~C4Chaos

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