[FRIAM] Amazon.com: The Wisdom of Crowds: Books: James Surowiecki

[Scholand, Andrew J]

Owen, Surowiecki gave an excellent talk covering the topics of the book at CTC05.  You can view the streamed archive here:
http://www.collaborationloop.com/blogs/ctc-ramp-up-surowiecki-2.htm

My interest has been chiefly in trying to leverage the recommendations to make professional (programmatic) collaboration more effective.

Cheers,
Andy


-----Original Message-----
From: Friam-bounces at redfish.com on behalf of Owen Densmore
Sent: Mon 6/5/2006 10:02 PM
To: The Friday Morning Applied Complexity Friam
Subject: [FRIAM] Amazon.com: The Wisdom of Crowds: Books: James Surowiecki
 
I've been reading this critter:
   http://tinyurl.com/hexhe
.. and am interested in its application to social modeling, and  
possibly business/organizational modeling.

The thesis is that good decisions can be made by crowds if they are:
- Diverse
- Independent
- Decentralized
- Good method for aggregating the results.

I started on the book a while back while discouraged after the  
democrats shot themselves in the foot the last election.  Thinking  
crowds were stupid, I was surprised a bit by the author's thesis.

Anyone read it?  Have opinions?  Got ideas how to apply it to  
community modeling?

     -- Owen

Owen Densmore
http://backspaces.net - http://redfish.com - http://friam.org



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