{"id":246,"date":"2008-07-18T08:00:10","date_gmt":"2008-07-18T16:00:10","guid":{"rendered":"https:\/\/bayesianinvestor.com\/blog\/index.php\/2008\/07\/18\/infotopia\/"},"modified":"2015-10-07T13:31:54","modified_gmt":"2015-10-07T21:31:54","slug":"infotopia","status":"publish","type":"post","link":"https:\/\/bayesianinvestor.com\/blog\/index.php\/2008\/07\/18\/infotopia\/","title":{"rendered":"Infotopia"},"content":{"rendered":"<p>Book review: Infotopia: How Many Minds Produce Knowledge by Cass R. Sunstein.<br \/>\nThere&#8217;s a lot of overlap between James Surowiecki&#8217;s <a href=\"https:\/\/bayesianinvestor.com\/blog\/index.php\/2007\/01\/15\/wisdom-of-crowds\/\">The Wisdom of Crowds<\/a> and Infotopia, but Infotopia is a good deal more balanced and careful to avoid exaggeration. This makes Infotopia less exciting but more likely to convince a thoughtful reader. It devotes a good deal of attention to conditions which make groups less wise than individuals as well as conditions where groups outperform the best individuals.<br \/>\nInfotopia is directed at people who know little about this subject. I found hardly any new insights in it, and few ideas that I disagreed with. Some of its comments will seem too obvious to be worth mentioning to anyone who uses the web much. It&#8217;s slightly better than Wisdom of Crowds, but if you&#8217;ve already read Wisdom of Crowds you&#8217;ll get little out of Infotopia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Book review: Infotopia: How Many Minds Produce Knowledge by Cass R. Sunstein. There&#8217;s a lot of overlap between James Surowiecki&#8217;s The Wisdom of Crowds and Infotopia, but Infotopia is a good deal more balanced and careful to avoid exaggeration. This makes Infotopia less exciting but more likely to convince a thoughtful reader. It devotes a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[22,17],"tags":[53,124],"class_list":["post-246","post","type-post","status-publish","format-standard","hentry","category-books","category-if","tag-information-economics","tag-prediction-markets"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p80O1l-3Y","_links":{"self":[{"href":"https:\/\/bayesianinvestor.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bayesianinvestor.com\/blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bayesianinvestor.com\/blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bayesianinvestor.com\/blog\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bayesianinvestor.com\/blog\/index.php\/wp-json\/wp\/v2\/comments?post=246"}],"version-history":[{"count":1,"href":"https:\/\/bayesianinvestor.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/246\/revisions"}],"predecessor-version":[{"id":596,"href":"https:\/\/bayesianinvestor.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/246\/revisions\/596"}],"wp:attachment":[{"href":"https:\/\/bayesianinvestor.com\/blog\/index.php\/wp-json\/wp\/v2\/media?parent=246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bayesianinvestor.com\/blog\/index.php\/wp-json\/wp\/v2\/categories?post=246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bayesianinvestor.com\/blog\/index.php\/wp-json\/wp\/v2\/tags?post=246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}