The Wisdom of Crowds

GPTKB entity

Statements (31)
Predicate Object
gptkbp:instance_of gptkb:book
gptkbp:author gptkb:James_Surowiecki
gptkbp:genre gptkb:Author
https://www.w3.org/2000/01/rdf-schema#label The Wisdom of Crowds
gptkbp:impact gptkb:film_production_company
business decision-making
political polling
gptkbp:influences gptkb:Economist
crowdsourcing
social science
gptkbp:is_criticized_for groupthink
information cascades
overestimation of group intelligence
gptkbp:isbn 978-0385503860
gptkbp:key Crowd intelligence can be harnessed through technology.
Not all crowds are wise.
Wisdom emerges from the collective.
Conditions for crowd wisdom include diversity, independence, and decentralization.
Examples include prediction markets and crowdsourced data.
gptkbp:language English
gptkbp:notable_feature diversity of opinion
aggregation of information
independence of members
gptkbp:plot_summary Explores how groups can make better decisions than individuals.
gptkbp:primary_source Collective decision-making can be more accurate than individual decision-making.
gptkbp:published_year gptkb:2004
gptkbp:publisher gptkb:Doubleday
gptkbp:related_works gptkb:Superforecasting:_The_Art_and_Science_of_Prediction
gptkb:The_Crowd:_A_Study_of_the_Popular_Mind
gptkbp:bfsParent gptkb:Joe_Abercrombie
gptkbp:bfsLayer 4