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The Wisdom of Crowds
- Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes Business, Economies, Societies and Nations
- Narrated by: Grover Gardner
- Length: 9 hrs and 29 mins
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Publisher's summary
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.
Critic reviews
"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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Everyone would benefit from seeing further into the future, whether buying stocks, crafting policy, launching a new product, or simply planning the week's meals. Unfortunately, people tend to be terrible forecasters. As Wharton professor Philip Tetlock showed in a landmark 2005 study, even experts' predictions are only slightly better than chance. However, an important and underreported conclusion of that study was that some experts do have real foresight.
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Great for Experts
- By Michael on 02-20-17
By: Philip Tetlock, and others
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Made to Stick
- Why Some Ideas Survive and Others Die
- By: Chip Heath, Dan Heath
- Narrated by: Charles Kahlenberg
- Length: 8 hrs and 37 mins
- Unabridged
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In Made to Stick, Chip and Dan Heath reveal the anatomy of ideas that stick and explain ways to make ideas stickier, such as applying the human scale principle, using the Velcro Theory of Memory, and creating curiosity gaps. Along the way, we discover that sticky messages of all kinds—from the infamous “kidney theft ring” hoax to a coach’s lessons on sportsmanship to a vision for a new product at Sony—draw their power from the same six traits.
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Even Better The Second Time
- By Jeremy Devens on 09-05-09
By: Chip Heath, and others
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Free to Choose
- A Personal Statement
- By: Milton Friedman, Rose Friedman
- Narrated by: James Adams
- Length: 12 hrs and 15 mins
- Unabridged
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Milton Friedman and his wife, Rose, teamed up to write this most convincing and readable guide, which illustrates the crucial link between Adam Smith's capitalism and the free society. They show how freedom has been eroded and prosperity undermined through the rapid growth of governmental agencies, laws, and regulations.
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Fantastic
- By Erik on 01-21-08
By: Milton Friedman, and others
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How Not to Be Wrong
- The Power of Mathematical Thinking
- By: Jordan Ellenberg
- Narrated by: Jordan Ellenberg
- Length: 13 hrs and 29 mins
- Unabridged
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Ellenberg chases mathematical threads through a vast range of time and space, from the everyday to the cosmic, encountering, among other things, baseball, Reaganomics, daring lottery schemes, Voltaire, the replicability crisis in psychology, Italian Renaissance painting, artificial languages, the development of non-Euclidean geometry, the coming obesity apocalypse, Antonin Scalia's views on crime and punishment, the psychology of slime molds, what Facebook can and can't figure out about you, and the existence of God.
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Great book but better in writing
- By Michael on 07-02-14
By: Jordan Ellenberg
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The Signal and the Noise
- Why So Many Predictions Fail - but Some Don't
- By: Nate Silver
- Narrated by: Mike Chamberlain
- Length: 16 hrs and 21 mins
- Unabridged
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Nate Silver built an innovative system for predicting baseball performance, predicted the 2008 election within a hair’s breadth, and became a national sensation as a blogger - all by the time he was 30. He solidified his standing as the nation's foremost political forecaster with his near perfect prediction of the 2012 election. Silver is the founder and editor in chief of the website FiveThirtyEight. Drawing on his own groundbreaking work, Silver examines the world of prediction, investigating how we can distinguish a true signal from a universe of noisy data.
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Learn About Statistics Without All The Math
- By Scott Fabel on 03-09-13
By: Nate Silver
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Irresistible
- The Rise of Addictive Technology and the Business of Keeping Us Hooked
- By: Adam Alter
- Narrated by: Adam Alter
- Length: 8 hrs and 17 mins
- Unabridged
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Welcome to the age of behavioral addiction - an age in which half of the American population is addicted to at least one behavior. We obsess over our emails, Instagram likes, and Facebook feeds; we binge on TV episodes and YouTube videos; we work longer hours each year; and we spend an average of three hours each day using our smartphones. Half of us would rather suffer a broken bone than a broken phone, and Millennial kids spend so much time in front of screens that they struggle to interact with real, live humans.
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Not scientifically sound
- By Alex Gertner on 09-05-20
By: Adam Alter
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Noise
- A Flaw in Human Judgment
- By: Daniel Kahneman, Olivier Sibony, Cass R. Sunstein
- Narrated by: Jonathan Todd Ross
- Length: 13 hrs and 28 mins
- Unabridged
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From the best-selling author of Thinking, Fast and Slow, the co-author of Nudge, and the author of You Are About to Make a Terrible Mistake! comes Noise, a revolutionary exploration of why people make bad judgments, and how to control both noise and cognitive bias.
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Disappointing
- By Z28 on 05-31-21
By: Daniel Kahneman, and others
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Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
- Incerto, Book 1
- By: Nassim Nicholas Taleb
- Narrated by: Joe Ochman
- Length: 8 hrs and 57 mins
- Unabridged
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Fooled by Randomness is the word-of-mouth sensation that will change the way you think about business and the world. Nassim Nicholas Taleb - veteran trader, renowned risk expert, polymathic scholar, erudite raconteur has penned a modern classic that turns on its head what we believe about luck and skill. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill - the world of trading - Fooled by Randomness provides captivating insight into one of the least understood factors in all our lives.
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Not for MBAs and Economist
- By Ekele Onuh Oscar on 06-19-19
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Economics in One Lesson
- By: Henry Hazlitt
- Narrated by: Jeff Riggenbach
- Length: 6 hrs and 55 mins
- Unabridged
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A million-copy seller, Henry Hazlitt’s Economics in One Lesson is a classic economic primer. But it is also much more, having become a fundamental influence on modern “libertarian” economics of the type espoused by Ron Paul and others. Called by H. L. Mencken “one of the few economists in history who could really write,” Henry Hazlitt achieved lasting fame for this brilliant but concise work.
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The truth about Economics
- By Captain Amazing! on 02-01-03
By: Henry Hazlitt
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Nudge: The Final Edition
- Improving Decisions About Money, Health, and the Environment
- By: Richard H. Thaler, Cass R. Sunstein
- Narrated by: Sean Pratt
- Length: 11 hrs and 33 mins
- Unabridged
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Since the original publication of Nudge more than a decade ago, the title has entered the vocabulary of businesspeople, policy makers, engaged citizens, and consumers everywhere. The book has given rise to more than 200 "nudge units" in governments around the world and countless groups of behavioral scientists in every part of the economy. It has taught us how to use thoughtful "choice architecture" - a concept the authors invented - to help us make better decisions for ourselves, our families, and our society.
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Doesn’t include a Pdf of the images the book calls out
- By John O'Connell on 08-03-21
By: Richard H. Thaler, and others
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The Black Swan, Second Edition: The Impact of the Highly Improbable: With a new section: "On Robustness and Fragility"
- Incerto, Book 2
- By: Nassim Nicholas Taleb
- Narrated by: Joe Ochman
- Length: 15 hrs and 48 mins
- Unabridged
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A black swan is a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random, and more predictable, than it was. The astonishing success of Google was a black swan; so was 9/11. For Nassim Nicholas Taleb, black swans underlie almost everything about our world, from the rise of religions to events in our own personal lives. Elegant, startling, and universal in its applications, The Black Swan will change the way you look at the world.
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Interesting, but over the top
- By Anonymous User on 08-08-19
What listeners say about The Wisdom of Crowds
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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Overall
- Roman
- 06-05-04
An Excellent Read !!!
Surowiecki has created a very insightful book that explores group mentality in sociological, psychological and economic areas. The anecdotal examples are interpreted in a thought-provoking, eye- opening manner that was a definite pleasure. Maybe not a "crowd pleaser" but one of the few books I'd listen to again. The narration was also very good and did not bore, even with some of the heavier subject matter. All in all - an excellent read.
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42 people found this helpful
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- Iver
- 06-17-04
Very solid, but tedious at times.
The writing is clear, the reading is good, the logic is unassailable, and some of the examples are very interesting. However, I felt that the book spent excessive time explaining
some conclusions that seemed very intuitive to me. I found the listening a bit tedious at times, perhaps because I have spent the last twelve years working for a large corporation that has implemented a significant number of the book's recommendations for fostering and exploiting the wisdom of crowds.
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31 people found this helpful
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Overall
- G Barth
- 06-12-04
Very worthwhile listen!
This audiobook delivers what it promises and then some. James S. starts out with a provocative premise about WISE crowds (honestly, don't we think that most crowds are uninformed, crazy, act like sheep, etc...) and delivers detailed, deep examples of how, darn it, crowds ARE smart given some broad and sensible conditions. But this audiobook touches on much more than crowd psychology: economics, statistics, business, politics, science, history, sports. The range is impressive and endlessly fascinating. Good narration, extremely interesting, I have returned to parts of this audiobook more than once!
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20 people found this helpful
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Overall
- Halpernicus
- 02-11-05
Good read, great Ideas
Enjoyed it from front to back. Theory and anecdote blend well to introduce important and powerful ideas. Made me think. Doesn't get much better than that.
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1 person found this helpful
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- serine
- 02-03-16
suffers from error in heuristic thinking
If you have been afraid to read this book for fear of running into ideas that fall prey to the sharpshooter heuristic, your fears are founded. However, despite some bad arguments, this book was far more balanced that I imagined it would be. In truth, it should be titled The Wisdom and Stupidity of Crowds: Parsing out What Makes Groupthink More or Less Effective." It had a lot of interesting little tidbits of knowledge that were new for me. Because of this, I would recommend this book to anyone who is capable of sifting out anecdotal stories and focusing on the parts that were far more informative and fact-based.
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- C. Brady Postma
- 10-20-21
Intriguing
A crowd requires diversity of opinion, independence of thought, and a particular kind of decentralization in order to dependably perform better than most experts. Success might mean finding a definitive answer, coordinating effectively (like traffic), or getting distrustful people to cooperate to their mutual benefit (like markets). Any of these goals can be botched by trusting an ill-suited crowd, or they can be profoundly successful by trusting a suitable crowd. Well-suited crowds consistently out-perform experts.
That's this book in a paragraph. Their examples and research are strong and persuasive demonstrations of their claims, and I enjoyed the listen.
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Overall
- Peter
- 07-20-04
Good theories, too long
The books core theories and ideas where interesting, however it could easily have been halved in length. The examples are intresting in there own right, but I thought they got off the topic at times. Overall a good insight into crowds and crowd think, but you could listen to the first 1/2 hour and have most of the ideas in the book.
Also the sample track is not the same voice as the whole book, just the introduction.
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8 people found this helpful
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Overall
- Arif
- 08-28-04
Excellent Book
Fantastic and fascinating book. Recommended for anyone who likes counterintuitive analysis.
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4 people found this helpful
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Overall
- Kaeli
- 01-13-08
Could have been better
This book started off great. But eventually, his examples got too random. I kept checking my mp3 player to make sure it wasn't on random. On the plus side, this book does an excellent job of explaining when groupthink is a good thing, rather than just painting everything with a broad brush.
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3 people found this helpful
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- Steve Senatori
- 03-26-19
Good information poorly presented and poorly organized
This was hard to listen to as it lacked structure even though it contains valuable information. My interest or bias was towards modern crowdsourcing and the narrative seemed to fixate and focus on the negative aspects of crowd behavior without teaching or showing you how to discern when that is an issue. It reads too much like the typical business management books executives might pick up at an airport bookstore. It did cite a few interesting references but never captured my attention or interest and allow me to enjoy what should be a far more useful and engaging subject. I feel sorry for anyone required to read this. Me, I am a dedicated crowdsourcing nut... -s.
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