Quotes About Aggregating

It was the earliest demonstration of a phenomenon popularized by—and now named for—James Surowiecki's bestseller The Wisdom of Crowds. Aggregating the judgment of many consistently beats the accuracy of the average member of the group, and is often as startlingly accurate as Galton's weight-guessers.

It might seem odd to emphasize this point, since we noted in the previous chapter that aggregating the judgments of multiple individuals reduces noise. But because of group dynamics, groups can add noise, too. There are "wise crowds," whose mean judgment is close to the correct answer, but there are also crowds that follow tyrants, that fuel market bubbles, that believe in magic, or that are under the sway of a shared illusion.

John Hughes and his movie 'The Breakfast Club' gave us above all the thrilling opportunity that everyone who starts a band dreams of. The opportunity that is of aggregating the kind of success that enables an act to go through the door and into what is considered to be 'The Big League.'

One of the key lessons of the Web 2.0 era is this: Users add value. But only a small percentage of users will go to the trouble of adding value to your application via explicit means. Therefore, Web 2.0 companies set inclusive defaults for aggregating user data and building value as a side-effect of ordinary use of the application. As noted above, they build systems that get better the more people use them.

He was aggregating memory like a wall against extinction and the little boxes of slides were his bricks.