Monday, December 05, 2005

On "The Wisdom of Crowds"

So, I just finished reading this book - "The Wisdom of Crowds" by James Surowiecki"- and a fun one it was :-) Some interpret his material on prediction markets as "a bunch of average people will always beat a few experts", but a reality is much more interesting (and a lot more complicated than that)....

Dr Anton Chuvakin