Democracy And The Wisdom Of Crowds
Thursday, October 13, 2011 - 01:50
in Psychology & Sociology
“The Wisdom of Crowds: Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes Business, Economies, Societies and Nations”, published in 2004, is a book by James Surowiecki. It discusses, often using anecdotes, that under certain conditions, crowds of people make better decisions than experts. In how far can we (mis)construe this as further proving the democratic doctrine? read more