According to James Surowiecki in the book

Question # 00067206 Posted By: neil2103 Updated on: 05/07/2015 03:01 PM Due on: 05/31/2015
Subject Business Topic General Business Tutorials:
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According to James Surowiecki in the book "The Wisdom of Crowds:" When "Groups" are involved in making a decision they normally have better than "house odds," which is 70% of getting it right without having 100% of the facts. When groups make decisions they normally, and consistently hit at about 85 to 90% of the time getting the right answer. However, without the facts being available to any human it lowers the odds to a little over the 50-50 point.

What techniques have worked for you in forming groups to solve problems?
Why do you think the technique worked?

Instructions: Your initial post should be at least 250 words. Please respond to at least 3 other students. Responses should be a minimum of 100 words and include direct questions.

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  1. Tutorial # 00063088 Posted By: neil2103 Posted on: 05/07/2015 03:02 PM
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