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The Wisdom of Crowds Summary

5 min read ⌚ 

The Wisdom of Crowds Summary

Why the Many Are Smarter Than the Few and How …

Have you ever wondered how an amateur crowd could behave like an expert on discernment, coordination and relations queries?

Today’s democracy, which puts together distinct, self-reliant, decentralized perspectives, is apparently the informative form of government.

Who Should Read “The Wisdom of Crowds”? And Why?

Once in awhile, people have to abandon their habits, beliefs or theories not only to make room for new ones but also because they’ve become old and unproductive. Try not to impose your viewpoints on anyone, be polite and tender when you explain your theories or methods.

These days, the internet has somehow managed to connect us with every person in the world. In all four parts of the Earth, we can communicate, cooperate and relate.

Many books disregard the importance of the collective opinion. Since the beginning of the 21st century, the individualism, and its features are being enforced by the society.

James Surowiecki encourages everyone to understand the real power of crowds, by realizing their accuracy in managing their every-day situation.

About James Michael Surowiecki

Michael SurowieckiJames Michael Surowiecki is an American journalist, columnist and a staff writer who currently works at The New Yorker, (writes his popular entrepreneurial columns, “The Financial Page”). He was born on April 30, 1967, in Meriden, Connecticut, U.S.

Despite being born in the US, he spent much of his time in Puerto Rico, where he grew up and educated himself. In 1988 James obtained his college degree from the University of North Carolina at Chapel Hill.

As a journalist, he has written many columns for Wall Street Journal; Foreign Affairs; New York Times; The Motley Fool; etc. He momentarily lives in Brooklyn with his wife.

“The Wisdom of Crowds Summary”

At the beginning of the 20th century, a young scientist known as Francis Galton came to a remarkable discovery in unusual nonscientific settings: Fat Stock and Poultry – West England.

Despite his early non-scientific revelations, Galton spent his time and career learning about human characteristics and their evolvement. This work has left him persuaded that the only path to social health and accountability was to give the power into the hands of the aristocracy or elite.

According to him, education and parental upbringing have a huge influence on person’s behavior, so the first thing an individual should do was to manage somehow to control these tendencies and sensations.

Yet, his social background led him to a whole new level of firmly suggested ideas that such elitism is foolish if applied extremely because the crowds have the last word.

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