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Infotopia

Posted by Peter on July 18, 2008
Posted in: Book Reviews, Idea Futures. Tagged: information economics, prediction markets.

Book review: Infotopia: How Many Minds Produce Knowledge by Cass R. Sunstein.
There’s a lot of overlap between James Surowiecki’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 good deal of attention to conditions which make groups less wise than individuals as well as conditions where groups outperform the best individuals.
Infotopia 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’s slightly better than Wisdom of Crowds, but if you’ve already read Wisdom of Crowds you’ll get little out of Infotopia.

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