Tag: Wisdom of Crowds


Chris Myers: Small Business, Startups and the Wisdom of Crowds

My fascination with the concept of crowdsourcing started back in 2004, as it did for many who read James Surowiecki’s brilliant book “The Wisdom of Crowds.” The idea that the collective wisdom of a large group could prove superior to the expertise of individuals is powerful. It has been proven out to a great degree by experiments both large and small. However, for the longest time I wondered about the commercial aspects of collective wisdom.Read More