{"id":3737,"date":"2005-01-03T11:00:00","date_gmt":"2005-01-03T11:00:00","guid":{"rendered":"https:\/\/steepedinthelore.bitingreviews.com\/steeped\/the-wisdom-of-crowds\/"},"modified":"2023-11-30T22:32:17","modified_gmt":"2023-11-30T22:32:17","slug":"the-wisdom-of-crowds","status":"publish","type":"post","link":"https:\/\/steepedinthelore.bitingreviews.com\/steeped\/the-wisdom-of-crowds\/","title":{"rendered":"The Wisdom of Crowds"},"content":{"rendered":"<p>James Surowiecki posits in The Wisdom of Crowds that &#8220;<i>Large groups of people are smarter than an elite few, no matter how brilliant\u2014better at solving problems, fostering innovation, coming to wise decisions, even predicting the future<\/i>&#8221; and spends 270 pages supporting that theory. I really enjoyed this book. He makes economics interesting &#8212; and how many people can lay claim to that?<\/p>\n<p>It was a tad heavy on the theory and examples and light on the practical aspects. I&#8217;ve been left wondering how decision markets can be used in a company that&#8217;s top-heavy and consensus driven. Or for that matter, used in any company that has an entrenched, hierarchical structure. I would love to see a practical guide to putting Surowiecki&#8217;s ideas into action in Corporate America. Anyone know of one?<\/p>\n<p>It&#8217;s a thought-provoking book that will leave me scheming and rolling his ideas around for a very long time. I highly recommend it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>James Surowiecki posits in The Wisdom of Crowds that &#8220;Large groups of people are smarter than an elite few, no matter how brilliant\u2014better at solving problems, fostering innovation, coming to wise decisions, even predicting the future&#8221; and spends 270 pages supporting that theory. I really enjoyed this book. He makes economics interesting &#8212; and how<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65],"tags":[],"class_list":["post-3737","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/steepedinthelore.bitingreviews.com\/steeped\/wp-json\/wp\/v2\/posts\/3737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/steepedinthelore.bitingreviews.com\/steeped\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/steepedinthelore.bitingreviews.com\/steeped\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/steepedinthelore.bitingreviews.com\/steeped\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/steepedinthelore.bitingreviews.com\/steeped\/wp-json\/wp\/v2\/comments?post=3737"}],"version-history":[{"count":1,"href":"https:\/\/steepedinthelore.bitingreviews.com\/steeped\/wp-json\/wp\/v2\/posts\/3737\/revisions"}],"predecessor-version":[{"id":5528,"href":"https:\/\/steepedinthelore.bitingreviews.com\/steeped\/wp-json\/wp\/v2\/posts\/3737\/revisions\/5528"}],"wp:attachment":[{"href":"https:\/\/steepedinthelore.bitingreviews.com\/steeped\/wp-json\/wp\/v2\/media?parent=3737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/steepedinthelore.bitingreviews.com\/steeped\/wp-json\/wp\/v2\/categories?post=3737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/steepedinthelore.bitingreviews.com\/steeped\/wp-json\/wp\/v2\/tags?post=3737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}