(Psychotherapy & Counselling); PhD Scholar (IIT Bombay) Associate Professor H. K. Institute of Management Studies & Research‚ Mumbai © 2014. Prof Roy‚ H.K. Institute of Management Studies & Research‚ Mumbai. All Rights Reserved. THE WISDOM OF CROWDS by JAMES SUROWIECKI ISBN: 978-0-385-72170-7 306 PP | Soft Cover US $ 14.95 2005 Watching the popular game show‚ Kaun Banegaa Crorepati (KBC) hosted by Big B on Sony Entertainment Television‚ I always wondered….. whenever‚ the contestant
Premium Decision making Decision theory
The Smartest People May Not be as Smart as a Crowd‚ but Who can Find a Smart Crowd? In The Wisdom of Crowds‚ author James Surowiecki contends that the “smartest people” are often not as smart as a group of individuals formed under the right circumstances (XIII). Surowiecki backs up his claim by giving numerous real life examples of crowds that meet the criteria of having diversity of opinion‚ independence‚ decentralization and aggregation‚ and have proven to be smarter than almost any one individual
Premium Cake The Wisdom of Crowds Crowd psychology
Wisdom Take a moment and think about the meaning of wisdom? Think of someone whom you consider wise. This person might be involved in your daily routine‚ or a religious/political leader. It’s someone who you look up to and learn from him/her actions. Wisdom is known through three important traits; one must have good judgment‚ pure confidence‚ and knowledge. These traits are difficult to be obtained and they help us define wisdom. Wisdom has many different dimensions that are hard to be defined
Premium Positive psychology Knowledge Experience
practical‚ useful application. Wisdom implies a mature integration of appropriate knowledge‚ a seasoned ability to filter the inessential from the essential." --Doc Childre and Deborah Rozman To obtain wisdom one must have good judgment‚ pure confidence‚ and knowledge. When a person has obtained these three traits then and only then‚ will a person experience true wisdom. Even though these three traits seem to be easily obtainable most people will never truly experience wisdom. These traits are difficult
Premium Virtue Feeling Value theory
Phil 355 24 September 2013 Conforming to the Crowd: The Face of the Faceless Since the beginning of time‚ humanity sat in the desperate dwellings of their own thoughts cursed to misunderstand all they could ever be. Unrealized potential‚ if you will‚ which dangled in front of their collective selves‚ much like the notorious forbidden fruit that existed in plain sight just hanging slightly out of reach. As humanity rode the ebb of time‚ they endeavored to contemplate that which they could never
Premium Friedrich Nietzsche
How might we best explain crowd behaviour? (2013 Exam Question) People are likely to act in bizarre ways in a crowd compared to as an individual. A crowd can be defined as a set of individuals who share a common social identification of themselves in terms of that crowd. Crowd members should also share common goals and act in a coherent member (Reicher‚ 2008). There have been extensive amounts of research into crowd psychology‚ investigating the apparent causes and reasons for such behaviour to
Premium Sociology Psychology Social psychology
Wisdom Wisdom is a personality possession that one may gain over a lifetime of experience. It is a possession that is bestowed upon a person‚ Wisdom incorporates many other traits‚ but the requirement that it is recognized by people other than the ones possessing it set wisdom apart from other personality traits. Wisdom is a compilation of a life’s experience marked by humility‚ Kairos‚ and unselfishness. Wisdom is an idea that is often confused with or improperly attributed to old age. Not all
Premium Wisdom Virtue Ageism
Period 3 Wisdom‚ Good‚ and Evil; The Necessities of Life Wisdom based on knowledge of good and evil is a very powerful concept. Without wisdom‚ people would base life with no sense of right and wrong. Society values smart people who make good decisions and frowns upon people that do badly towards others. Therefor understanding the role of wisdom in the human experience is to comprehend how to live life according to acceptable social norms and constructs. Humans are not born with wisdom; one must
Premium Evil Good and evil Virtue
CROWDS AND VIOLENCE Deindividuation: [“Individuation” coined by Jung: a process of individuation for development of personality] Historical Research: Le Bon (1890s) When individuals “descend” in a crowd‚ they become creatures of instinct‚ barbarians (Contagion theory‚ anonymity) Festinger (1952) Individuals who sat in dim light more likely to use bad language when discussing erotic material than individuals who were not. Zimbardo (1969) Stanford Prison Experiments: Individuals dressed
Premium Social psychology Crowd psychology
The epigraph at the beginning of “The Man in the Crowd” brings up the interesting question of what it really means to be alone. While the actual definition of alone is “quite by oneself‚ unaccompanied‚ solitary‚” (“Alone”) the story‚ through the narrator’s thoughts and the observations of the nameless man in the crowd‚ can serve as a different perspective on being alone if applied beyond the situation in the tale. The epigraph says how terrible it is to never be alone‚ and the story serves as a metaphor
Premium Edgar Allan Poe