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The Wisdom of Crowds

by James Surowiecki

rating: 4.1 (300 reviews)

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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 bri

 

 

Details:


Amazon rank: #29,545
Price: $4.95

bound: 336 pages
Publisher: Anchor; Reprint edition (August 16, 2005)
Language: English
ISBN-10: 0385721706
ISBN-13: 978-0385721707
Weight: 7.8 ounces

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Wisdom of Crowds

REGIS PHILBIN IMPERSONATOR: How 'bout that, Gelman? ANREW GELMAN: The wrong GelmanISSN0362-4331I didnt want to be around crowds anymoreThis is why the…Japans Shifting Power Alliances By Nomi Prins Posted July 21, 2017As the White House debates international policy, Japan stands ready to position its power alliances in regional competitionDialectical bootstrapping involves the use of dialectic (reasoned discussion that takes place between two or more parties with opposing views, in an attempt to determine the best answer) and bootstrapping (advancing oneself without the assistance of external forces)Several companies now offer enterprise class prediction marketplaces to predict project completion dates, sales, or the market potential for new ideas.[citation needed] A number of Web-based quasi-prediction marketplace companies have sprung up to offer predictions primarily on sporting events and stock markets but also on other topics

 

Mencken predict Donald Trump in 1920? Addison Wiggin reveals that Donald Trump could be one of the best damn things…Defying Wall Street for Knock Your Socks off Returns By Addison Wiggin Posted February 2, 2016Addison Wiggin explores the depths of the debt-fueled global economy, and the often disastrous outcomes people get when they expect to continue…Bill BonnerAmerica Is Going Broke and Nobody CaresBill Bonner By Bill Bonner Posted September 22, 2017President Trump sinks into the swamp11, 2007, when the S&P peaked at a bubbly 1,576?The question implies the answer drunk on stocks.Where was that same crowd on March 6, 2009, when the S&P bottomed at a devilish 666?Sitting on cash like a brooding hen and swearing off stocks forever and ever.Wrong at the extreme, that isNOVA scienceNOW is a trademark of the WGBH Educational Foundation NOVA scienceNOW is produced for WGBH/Boston by NOVA 2008 WGBH Educational Foundation All rights reserved Image credit: (math illustration) WGBH Educational Foundation Participants Neil deGrasse Tyson Astrophysicist, American Museum of Natural History www.haydenplanetarium.org/tyson/profile/bio Andrew Gelman Columbia University www.columbia.edu/cu/polisci/fac-bios/gelman/faculty.html Jimmy Wales Founder, Wikipedia en.wikipedia.org/wiki/JimmyWales Related Links Wisdom of the Crowds: Expert Q&A Statistician Ed George from the Wharton School answers questions on averages, means, medians, and much more"The Wisdom of the Crowd in Combinatorial Problems"what is the length of a border between two countries? One suggestion to counter this effect is to ensure that the group contains a population with diverse backgrounds.[17]doi:10.1038/075509e0In the weeks and months after I diagnosed him, he hid his diagnosisNOVA Theme Music Walter Werzowa John Luker Musikvergnuegen, IncAnalogues with individual cognition: the "crowd within"[edit]69: 10691086

 

Tammet points out the potential for problems in systems which have poorly defined means of pooling knowledge: Subject matter experts can be overruled and even wrongly punished by less knowledgeable persons in systems like Wikipedia, citing a case of this on WikipediaBBC NewsSurowiecki asserts that what happens when the decision making environment is not set up to accept the crowd, is that the benefits of individual judgments and private information are lost and that the crowd can only do as well as its smartest member, rather than perform better (as he shows is otherwise possible).[5] Detailed case histories of such failures include:They posited that people should be able to make greater improvements on their original estimates by basing the second estimate on antithetical information(Eds): Knowledge Management: Theoretical Foundation^ "Wisdom of the crowd"The three conditions for a group to be intelligent are diversity, independence, and decentralizationBusiness HorizonsPhenomenaSeven Prime Questions In this audio interactive, five mathematicians explain what primes are, what the twin prime conjecture is, and more

 

Proceedings of the 32nd Annual Conference of the Cognitive Science Society^ "SWARMS are SMARTIllusionist Derren Brown claimed to use the 'Wisdom of Crowds' concept to explain how he correctly predicted the UK National Lottery results in September 2009The carefully selected experts answer questionnaires in two or more roundsArthur W^ Stanchions QueueSolutions.comTaykey Uses Wisdom of the Crowds to Tackle the Inventory Quality Challenge with Smart Whitelist Launch Market Watch4 days agoNEW YORK, Oct 05, 2017 (BUSINESS WIRE) -- Real-time data company, Taykey, today announced the launch of the Taykey Smart Whitelist, a real-time data layer designed to proactively For a given question, people are asked to give two responses: What they think the right answer is, and what they think popular opinion will be ffa900202a

James Surowiecki

 

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