The Wisdom of Crowds

  • by James Surowiecki
  • Narrated by Erik Singer
  • 5 hrs and 44 mins
  • Abridged Audiobook

Publisher's Summary

In this endlessly fascinating book, New Yorker columnist James Surowiecki explores a deceptively simple idea that has profound implications: large groups of people are smarter than an elite few, no matter how brilliant. Groups are better at solving problems, fostering innovation, coming to wise decisions, even predicting the future. This seemingly counterintuitive notion has endless and major ramifications for how businesses operate, how knowledge is advanced, how economies are (or should be) organized and how we live our daily lives. With seemingly boundless erudition and in delightfully clear prose, Surowiecki ranges across fields as diverse as popular culture, psychology, economic behaviorism, artificial intelligence, military history, and political theory to show just how this principle operates in the real world. Despite the sophistication of his arguments, Surowiecki presents them in a wonderfully entertaining manner. The examples he uses are all down-to-earth, surprising, and fun to ponder. Why is the line in which you're standing always the longest? Why is it that you can buy a screw anywhere in the world and it will fit a bolt bought ten-thousand miles away? Why is network television so awful? If you had to meet someone in Paris on a specific day but had no way of contacting them, when and where would you meet? Why are there traffic jams? What's the best way to win money on a game show? Why, when you walk into a convenience store at 2:00 A.M. to buy a quart of orange juice, is it there waiting for you? What do Hollywood mafia movies have to teach us about why corporations exist? The Wisdom of Crowds is a brilliant but accessible biography of an idea, one with important lessons for how we live our lives, select our leaders, conduct our business, and think about our world.

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Audible Editor Reviews

Why we think it's Essential: James Surowiecki offers an interesting theory: that answers to difficult questions are best reached by a group of alert, intelligent individuals rather than by single, even respected, experts alone. The author highlights tragedies that could have been avoided had a greater number of persons been consulted before crucial decisions were made. Veteran narrator Grover Gardner does a fine job engaging the listener with Surowiecki's extended case studies. –Corey Thrasher

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What the Critics Say

"Surowiecki's style is pleasantly informal, a tactical disguise for what might otherwise be rather dense material. He offers a great introduction to applied behavioral economics and game theory." (Publishers Weekly)

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Customer Reviews

Most Helpful

great discourse on group dynamics....

i liked this book and to be honest (as i "read" this in audible format) i kept drifting from time to time so i will definitely go through it again.

surowiecki makes the point - in short - that diverse groups of people (crowds), regardless of how uninformed they are, are the best way to get the best answers and make the wisest decisions.

the book contains a ton of anecdotes and examples (and i got the abridged edition too!) like the fact that 40% of americans polled during the height of the cold war thought the Soviet Union was a member of NATO but then goes on to prove that this is immaterial in the larger scheme of things.
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- Hamad

One interesting idea, but this book lacks wisdom

I kept hoping after hours of listening I there would be a pay off. No luck. the most interesting finding, that certain crowds, if they are diverse enough are wiser, than their wisest member, is revealed at the beginning. Many anecdotes, and little wisdow, in fact a suprising level of ignorance about capitalism and people, fill the following ten hours. Well narrated.
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- D

Book Details

  • Release Date: 05-20-2004
  • Publisher: Random House Audio