Cass R. Sunstein, the Robert Walmsley University Professor at Harvard Law School, and Reid Hastie, the Ralph and Dorothy Keller Distinguished Service Professor of Behavioral Science at the University of Chicago Booth School of Business, report on behavioral research that suggests some fairly simple ways to achieve "the wisdom of crowds."

This article was first published in the December 2014 issue of Harvard Business Review.

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5 out of 5 stars
By David Parsonage on 02-05-17

Group dynamics and wisdom!

Insightful backed up with empirical research. A must listen for any manager/leader to make wise rational decisions according to the value and risk of information. Possibly 20% of missing information could be worth more than the 80% of what is deemed to be common knowledge!? Watch out for those who are confident (possibly over confident) because it is correlated with less than optimum decision-making, e.g. risky or extreme.

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