James Surowiecki Quotes About Decision Making

• Bubbles and crashes are textbook examples of collective decision making gone wrong. In a bubble, all of the conditions that make groups intelligent - independence, diversity, private judgement-disappear.

  James Surowiecki

  Intelligent, Diversity, Decision

• In part because individual judgement is not accurate enough or consistent enough, cognitive diversity is essential to good decision making.

  James Surowiecki

  Diversity, Decision, Judgement

• If small groups are included in the decision-making process, then they should be allowed to make decisions. If an organization sets up teams and then uses them for purely advisory purposes, it loses the true advantage that a team has: namely, collective wisdom.

  James Surowiecki

  Wisdom, Team, Organization

  James Surowiecki (2005). “The Wisdom of Crowds”, p.190, Anchor

• No decision-making system is going to guarantee corporate success. The strategic decisions that corporations have to make are of mind-numbing complexity. But we know that the more power you give a single individual in the face of complexity and uncertainty, the more likely it is that bad decisions will get made.

  James Surowiecki

  Giving, Decision, Mind

  James Surowiecki (2005). “The Wisdom of Crowds”, p.220, Anchor

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