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Economist.com | Collective intelligence
IN THE era of the expert, James Surowiecki's book puts forward a paradox: often, the multitude knows better than the wise individual. He has written a hymn of praise to the judgment of the many, adducing case after surprising case where the amalgamated views of a crowd reach a more accurate conclusion than the single expert does. “Under the right circumstances,” argues the author, who writes a regular financial column for the New Yorker, “groups are remarkably intelligent, and are often smarter than the smartest people in them.”
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