"The fact that cognitive diversity matters does not……" — James Surowiecki
"The fact that cognitive diversity matters does not mean that if you assemble a group of diverse but thoroughly uninformed people, their collective wisdom will be smarter than an expert's. But if you can assemble a diverse group of people who possess varying degrees of knowledge and insight, you're better off entrusting it with major decisions rather than leaving them in the hands of one or two people, no matter how smart those people are."
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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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Diversity and independence are important because the best collective decisions are the product of disagreement and contest, not consensus or…
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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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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 Assemble Quotes
This quote is filed under Assemble Quotes,
one of 107 quotes in that category. Here are a few more:
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I assemble my ideas in pieces on a computer file, then gradually find a place for them on a piece…
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Freedom means the right of people to assemble, organize, and debate openly.
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We had no churches, no religious organizations, so sabbath day, no holidays, and yet we worshiped. Sometimes the whole tribe…
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We have three approaches at our disposal: the observation of nature, reflection, and experimentation. Observation serves to assemble the data,…
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The right to defy an unconstitutional statute is basic in our scheme. Even when an ordinance requires a permit to…
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You have to assemble your life yourself - action by action.
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The chance that higher life forms might have emerged through evolutionary processes is comparable with the chance that a tornado…
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The racehorses assemble at the starting barrier in all the finery of a mediaeval pageant, the jockeys in silks like…
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When you approach a problem, strip yourself of preconceived opinions and prejudice, assemble and learn the facts of the situation,…
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What plan for the regulation of the militia may be pursued by the national government is impossible to be foreseen...The…
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Next Monday the Convention in Virginia will assemble; we have still good hopes of its adoption here: though by no…
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