The Wisdom of Crowds (by James Surowiecki)

"The Wisdom of Crowds" by James Surowiecki explores how, under the right conditions, groups of people can make better decisions collectively than individuals alone. When diverse, independent, and well-informed opinions are gathered, the group's consensus often leads to more accurate and reliable outcomes. This concept relies on the idea that pooling varied perspectives can cancel out individual biases and errors, resulting in a more balanced and insightful decision-making process. The book emphasizes that, with proper structure, crowdsourcing can harness collective intelligence effectively across various fields.