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James Surowiecki Quotes: The problem is that groups are only smart when the people in them are as independent as possible. This is the paradox of the wisdom of crowds.
         

The problem is that groups are only smart when the people in them are as independent as possible. This is the paradox of the wisdom of crowds.


James Surowiecki
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Other quotes of James Surowiecki


If companies tell us more, insider trading will be worth less.

If companies tell us more, insider trading will be worth less.



Paradoxically, the best way for a group to be smart is for each person in it to think and act as independently as possible.

Paradoxically, the best way for a group to be smart is for each person in it to think and act as independently as possible.



I do think to some extent multitasking is a way of fooling ourselves that we're being exceptionally efficient.

I do think to some extent multitasking is a way of fooling ourselves that we're being exceptionally efficient.



Diversity and independence are important because the best collective decisions are the product of disagreement and contest, not consensus or compromise.

Diversity and independence are important because the best collective decisions are the product of disagreement and contest, not consensus or compromise.



In the business world, bad news is usually good news - for somebody else.

In the business world, bad news is usually good news - for somebody else.



Most of the work on multitasking suggests that it generally makes you less efficient, not more.

Most of the work on multitasking suggests that it generally makes you less efficient, not more.



It may be that the very qualities that help people get ahead are the ones that make them ill-suited for managing crises. It's hard to prepare for the worst when you think you're the best.

It may be that the very qualities that help people get ahead are the ones that make them ill-suited for managing crises. It's hard to prepare for the worst when you think you're the best.



The important thing about groupthink is that it works not so much by censoring dissent as by making dissent seem somehow improbable.

The important thing about groupthink is that it works not so much by censoring dissent as by making dissent seem somehow improbable.



Although oil is a commodity, it's still not a commodity like coffee, which, thank God, we will have with us always. At some point the oil will run out.

Although oil is a commodity, it's still not a commodity like coffee, which, thank God, we will have with us always. At some point the oil will run out.



If we want our regulators to do better, we have to embrace a simple idea: regulation isn't an obstacle to thriving free markets; it's a vital part of them.

If we want our regulators to do better, we have to embrace a simple idea: regulation isn't an obstacle to thriving free markets; it's a vital part of them.





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Quote Description


This page presents the quote "The problem is that groups are only smart when the people in them are as independent as possible. This is the paradox of the wisdom of crowds.". Author of this quote is James Surowiecki. This quote is about paradox, groups, people, smart, problem, wisdom, crowds, independent,.