Most of the work on multitasking suggests that it generally makes you less efficient, not more.
James SurowieckiOf course, looking tough on inflation is part of any central banker's job description: if investors believe that inflation is going to get out of control, you end up with higher interest rates and capital flight, and a vicious circle quickly ensues.
James SurowieckiOne key to successful group decisions is getting people to pay much less attention to what everyone else is saying.
James SurowieckiIn a world where companies increasingly know about their business in real time, it makes no sense that public reporting mostly follows the old quarterly schedule. Companies sit on vital information until reporting day, at which point the market goes crazy.
James SurowieckiUnder the right circumstances, groups are remarkably smart - smarter even sometimes than the smartest people in them.
James SurowieckiLinux is a complex example of the wisdom of crowds. It's a good example in the sense that it shows you can set people to work in a decentralized way - that is, without anyone really directing their efforts in a particular direction - and still trust that they're going to come up with good answers.
James Surowiecki