Summary:
The book argues that a diverse collection of independently-deciding individuals is likely to make certain types of decisions and predictions better than individuals or even experts. It explores how large groups' aggregated information in areas such as problem-solving, innovation, and prediction often leads to remarkably accurate or effective outcomes.
Key points:
1. Collective Wisdom: The book's main idea is that large groups are smarter than a few experts. This 'crowd wisdom' can solve problems and make decisions more accurately.
Books similar to "The Wisdom of Crowds":
Infotopia
Cass R. Sunstein
The Model Thinker
Scott E. Page
Dream Teams
Shane Snow
Superminds
Thomas W. Malone
The Crowd
Gustave Le Bon
The Perfect Swarm
Len Fisher
Collective Illusions
Todd Rose
Common Sense
Coventry House Publishing
Group Genius
Keith Sawyer
Organizing Genius
Warren G. Bennis|Patricia Ward Biederman