Who Gets the Best Answers? The Wisdom of Crowds

The video discusses 'The Wisdom of Crowds' by James Surowiecki, emphasizing the value of collective wisdom in decision-making. It outlines three conditions for effective group problem-solving: independence, diversity, and decentralization. The book highlights the importance of diverse opinions and decentralized data access for better group decisions. It also identifies cognitive, coordination, and collaboration problems as best suited for group efforts. The video concludes with the book's impact on project managers and its potential to influence career-long thinking.

What new insight or understanding did you gain from this video?