Why the many are smarter than the few and how collective wisdom shapes business, economies, societies and nations
While a bit of a love in for free markets, the book successfully manages to argue the assumption made in the subtitle. Looking at wide ranging anecdotes, he breaks up crowd wisdom into three distinct advantages – cognition, coordination and cooperation. Coupled with the four fundamentals needed for an intelligent crowd – diversity, independence, decentralisation and aggregation –
the central thesis seems more prescient as time goes on.