After having time to think about the whole concept of “The Wisdom of Crowds”, I cannot completely agree with the idea. I can see where James Surowiecki is coming from, but in the end, there is a reason somebody is an expert. I think certain people who go through intensive training will be better off than a group of complete strangers because he or she has the expert and experience. For example, if I was in a serious car accident and needed medical help right away in order to survive, I would put my fate in the hands of a doctor who has been practicing for years rather than in the hands of ten complete strangers. I think experience and hard work pays off in the end and there is a reason people go to college to attain a degree.
On the other hand, the jellybean example is different. A crowd will most likely be closer in determining how many jellybeans are in the jar compared to one person’s guess. This is not important to me. I do not personally care about how many jellybeans are in the jar. In the end, Surowiecki makes a good argument but I do not buy into it. I would much rather trust a trained expert when my life is on the line.
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