"Diversity and independence are important because the best……" — James Surowiecki
"Diversity and independence are important because the best collective decisions are the product of disagreement and contest, not consensus or compromise."
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James Surowiecki
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150 Quotes by James Surowiecki
James Surowiecki has 150 quotes on this site.
A few more worth reading:
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Auto repair, piloting, skiing, perhaps even management: these are skills that yield to application, hard work, and native talent. But…
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Lack of confidence, sometimes alternating with unrealistic dreams of heroic success, often leads to procrastination, and many studies suggest that…
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It's a familiar truism that at any one moment, financial markets are dominated by either fear or greed. But the…
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Bubbles and crashes are textbook examples of collective decision making gone wrong. In a bubble, all of the conditions that…
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If small groups are included in the decision-making process, then they should be allowed to make decisions. If an organization…
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Groups are only smart when there is a balance between the information that everyone in the group shares and the…
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But, if recent history has taught us anything, it’s that self-regulation doesn’t work in finance, and that worries about reputation…
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Paradoxically, the best way for a group to be smart is for each person in it to think and act…
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This intelligence, or what I'll call "the wisdom of crowds," is at work in the world in many different guises.…
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The fact that cognitive diversity matters does not mean that if you assemble a group of diverse but thoroughly uninformed…
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One key to successful group decisions is getting people to pay much less attention to what everyone else is saying.
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In part because individual judgement is not accurate enough or consistent enough, cognitive diversity is essential to good decision making.
See all 150 quotes by James Surowiecki »
More Best Quotes
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This is the precept by which I have lived: Prepare for the worst; expect the best; and take what comes.
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At his best, man is the noblest of all animals; separated from law and justice he is the worst.
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The ideal man bears the accidents of life with dignity and grace, making the best of circumstances.
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