The Wisdom Of Crowds by Joe Abercrombie
The book explores the idea that large groups of people are collectively smarter than individual experts when it comes to problem-solving, decision-making, innovation, and predicting outcomes. The author delves into various case studies and anecdotes to illustrate how the aggregation of information in groups results in decisions that are often better than those made by any single member of the group. The text also discusses the conditions necessary for crowd wisdom to prevail, such as diversity of opinion, independence of members from one another, decentralization, and a method for aggregating opinions. The insights provided challenge the conventional wisdom that only experts can provide solutions to complex problems and instead highlight the potential of harnessing the collective intelligence of the masses.