The Wisdom of Crowds book cover

The Wisdom of Crowds by James Surowiecki Summary

The Wisdom of Crowds
James Surowiecki
3.82 (24651 Reviews)
Psychology
Economics
Business
Aperçu
Points Clés
Auteur
Questions Fréquentes

Overview of The Wisdom of Crowds

In "The Wisdom of Crowds," Surowiecki reveals how collective decisions often outperform individual experts. Cited by Simon Sinek and embraced across business and tech, this counterintuitive gem shows why your next breakthrough might depend on asking everyone - not just the smartest person in the room.

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Points clés

1

The Ox That Changed Everything

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At a country fair in 1906, something extraordinary happened that would reshape our understanding of human intelligence. Francis Galton, an 85-year-old scientist who doubted ordinary people's abilities, watched as 800 fairgoers paid sixpence each to guess the weight of a fat ox. When he crunched the numbers on 787 legible guesses, he discovered something that shook him: the crowd's average guess was 1,197 pounds-just one pound off the actual weight of 1,198 pounds. This wasn't luck. It was a glimpse into a profound truth about collective intelligence. What makes groups smarter than even their smartest members? The answer lies in how individual errors cancel each other out when properly aggregated, leaving the signal intact while filtering the noise. Think of it like a massive game of telephone where, paradoxically, the message gets clearer rather than more garbled. This principle has since influenced everything from Google's search algorithms to Barack Obama's decision-making philosophy during his presidency. It's not about celebrating mediocrity or dismissing expertise-it's about recognizing that under the right conditions, collective judgment can be remarkably accurate.

2

The Hidden Architecture of Collective Intelligence

3

The Submarine, The Shuttle, and The Power of Diverse Minds

4

When Following the Crowd Leads Us Astray

5

The Market That Could Have Changed Intelligence Gathering

6

Trust, Cooperation, and the Quaker Advantage

7

Reclaiming Our Collective Power

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@Chloe, Solo founder, LA
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comments
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likes
117

"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."

@Raaaaaachelw
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star
star
star
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"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

@Matt, YC alum
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"Reading used to feel like a chore. Now it’s just part of my lifestyle."

@Erin, Investment Banking Associate , NYC
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"Feels effortless compared to reading. I’ve finished 6 books this month already."

@djmikemoore
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"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."

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"Makes me feel smarter every time before going to work"

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"Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."

@Moemenn
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"I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."

@Chloe, Solo founder, LA
platform
comments
12
likes
117

"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."

@Raaaaaachelw
platform
star
star
star
star
star

"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

@Matt, YC alum
platform
comments
12
likes
108

"Reading used to feel like a chore. Now it’s just part of my lifestyle."

@Erin, Investment Banking Associate , NYC
platform
comments
254
likes
17

"Feels effortless compared to reading. I’ve finished 6 books this month already."

@djmikemoore
platform
star
star
star
star
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"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."

@Pitiful
platform
comments
96
likes
4.5K

"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."

@SofiaP
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"BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"

@Jaded_Falcon
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comments
201
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16

"It is great for me to learn something from the book without reading it."

@OojasSalunke
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"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."

@Leo, Law Student, UPenn
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comments
37
likes
483

"Makes me feel smarter every time before going to work"

@Cashflowbubu
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