The Wisdom of Crowds by James Surowiecki.

In this endlessly fascinating book, New Yorker columnist James 
Surowiecki explores a deceptively simple idea that has profound 
implications: large groups of people are smarter than an elite few, no 
matter how brilliant—better at solving problems, fostering innovation, 
coming to wise decisions, even predicting the future.

This seemingly counterintuitive notion has endless and major 
ramifications for how businesses operate, how knowledge is advanced, how 
economies are (or should be) organized and how we live our daily lives. 
With seemingly boundless erudition and in delightfully clear prose, 
Surowiecki ranges across fields as diverse as popular culture, 
psychology, ant biology, economic behaviorism, artificial intelligence, 
military history and political theory to show just how this principle 
operates in the real world.

http://www.randomhouse.com/features/wisdomofcrowds/index.html



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