Jun 13, 2004

The Blogosphere Is A Wise Crowd

From Publisher's Weekly and reprinted on the product page for The Wisdom of Crowds at Amazon:
If four basic conditions are met, a crowd's "collective intelligence" will produce better outcomes than a small group of experts, Surowiecki says, even if members of the crowd don't know all the facts or choose, individually, to act irrationally. "Wise crowds" need (1) diversity of opinion; (2) independence of members from one another; (3) decentralization; and (4) a good method for aggregating opinions.
I gotta pick me up a copy of this book.