The Wisdom of Crowds [draft]

The Wisdom of Crowds: Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes Business, Economies, Societies and Nations) is a book written by James Surowiecki

Reflections

Since long the indian public is blamed for the 'vulgarity in movies', for the 'slow growth of the nation', 'the politics of our country'. It is the masses i is said who have (in india) a low IQ, a liking for mithun movies, for electing anybody who can tell more lies as their leader. I've always wondered about the why's of these statement and was for such questions i came accross this article on wikipedia.

The text talks of extent of crowding in popular resturants as an example which shows coordination of behaviour by crowds is indeed better. But i always see a lot of people waiting in front of McDonalds, long lines in front of the fav South Indian Eatery. So is our collective faulty (and the foriegn public badiya