Wisdom of Crowds

Posted on March 22, 2007 by

This Article  is an excellent summary of the wisdom of crowds idea and of several online projects trying to leverage that wisdom in practical or profitable ways.

About JoeDuck

Internet Travel Guy, Father of 2, small town Oregon life. BS Botany from UW Madison Wisconsin, MS Social Sciences from Southern Oregon. Top interests outside of my family's well being are: Internet Technology, Online Travel, Globalization, China, Table Tennis, Real Estate, The Singularity.
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2 Responses to Wisdom of Crowds

  1. Fools Gold says:
    March 23, 2007 at 4:41 am

    I will read the article and consider the points presented very carefully at some later time but right now my reaction whenever I hear terms like ‘crowd’ or ‘swarm’ is to think of Extraordinary Popular Delusions and The Madness of Crowds.

    Reply
  2. Fools Gold says:
    March 23, 2007 at 8:54 am

    Well, I read the link. I recall a novel that hit the best seller pages back in the sixties “Naked Came The Stranger”. It was a group effort of ‘write your own chapter’ limited to a group of classmates or something.

    Now that Sports Book game would have only one metric that counts: do the players beating the oddsmaker in that game beat the oddsmakers in the Vegas sportsbook?

    I would agree with the ‘evaluating content rather than creating it’. Unfortunately.

    Reply

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