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Chapter Overview
Chapter 1: AudiobookHub Recommendation
Chapter 2: The more varied the group, the smarter its choices.
Chapter 3: The larger the group, the more intelligent it becomes.
Chapter 4: Herd mentality and rigid hierarchies undermine a group’s intelligence.
Chapter 5: Groups are smart only when they consist of many independent minds.
Chapter 6: The smartest groups are decentralized but gather their knowledge in one hub.
Chapter 7: Coordination is almost automatic in large groups – if people don’t focus only on themselves.
Chapter 8: People work together in groups when they expect to benefit in the long run.
Description
The Wisdom of Crowds explores why, and under which circumstances, groups of people can come up with better solutions to problems than any one person – even if that person is an expert. By analyzing the way individuals and groups make decisions, the book gets to the bottom of the wisdom of crowds, and shows how this wisdom can be used to make reliable decisions.
Who Should Listen
- Anyone who wants to know why a group of people can be wiser than individual experts
- Anyone who wants to know which circumstances make groups’ decisions even more effective
- Anyone who wants to know why working in groups makes sense in many situations