Comments on: crowdsourcing http://www.bripblap.com/2008/crowdsourcing/ wealth, work and life success Thu, 18 Mar 2010 20:15:29 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Weekend Linkage - March 23, 2008 | The Suns Financial Diary | A Personal Finance Blog on Saving and Investing http://www.bripblap.com/2008/crowdsourcing/comment-page-1/#comment-12027 Weekend Linkage - March 23, 2008 | The Suns Financial Diary | A Personal Finance Blog on Saving and Investing Mon, 24 Mar 2008 02:14:27 +0000 http://www.bripblap.com/2008/crowdsourcing/#comment-12027 [...] crowdsourcing at Birp Blap Crowdsourcing is - at a very basic level - throwing a task or request for information out into the public, and accumulating and selecting the best results. The theory is similar to “getting a second opinion.” [...] [...] crowdsourcing at Birp Blap Crowdsourcing is – at a very basic level – throwing a task or request for information out into the public, and accumulating and selecting the best results. The theory is similar to “getting a second opinion.” [...]

]]> By: Mike Malina http://www.bripblap.com/2008/crowdsourcing/comment-page-1/#comment-11957 Mike Malina Thu, 20 Mar 2008 17:15:47 +0000 http://www.bripblap.com/2008/crowdsourcing/#comment-11957 You mention Hollywood Stock exchange, but what they're doing at Media Predict is more interesting (www.mediapredict.com). They've gotten media companies to use a market system to actually put out content. So the crowd takes the role of editor, A&R rep, and more. I think market-based investment systems are the way to go for crowdsourcing. Mere voting (like at Digg) isn't a good way to drive decisions -- people have no incentive to give good information. You mention Hollywood Stock exchange, but what they’re doing at Media Predict is more interesting (www.mediapredict.com).

They’ve gotten media companies to use a market system to actually put out content. So the crowd takes the role of editor, A&R rep, and more.

I think market-based investment systems are the way to go for crowdsourcing. Mere voting (like at Digg) isn’t a good way to drive decisions — people have no incentive to give good information.

]]> By: Steve (Brip Blap) http://www.bripblap.com/2008/crowdsourcing/comment-page-1/#comment-11934 Steve (Brip Blap) Wed, 19 Mar 2008 19:34:13 +0000 http://www.bripblap.com/2008/crowdsourcing/#comment-11934 @No Debt Plan: True, and I guess that's a critical distinction to be made: being contrarian is more about how you use the information that you've gathered, crowdsourced or otherwise, instead of the way in which it's gathered. If I want to be contrarian about the stock market I'm still going to examine mass population attitudes (the run-up in gold is a good example of something exhibiting "dumb" crowd activity). @No Debt Plan: True, and I guess that’s a critical distinction to be made: being contrarian is more about how you use the information that you’ve gathered, crowdsourced or otherwise, instead of the way in which it’s gathered. If I want to be contrarian about the stock market I’m still going to examine mass population attitudes (the run-up in gold is a good example of something exhibiting “dumb” crowd activity).

]]> By: No Debt Plan http://www.bripblap.com/2008/crowdsourcing/comment-page-1/#comment-11932 No Debt Plan Wed, 19 Mar 2008 19:25:54 +0000 http://www.bripblap.com/2008/crowdsourcing/#comment-11932 The only problem is when the crowd runs off of a cliff (a la sub-prime, Bear Sterns, etc.). Question: Where does being contrarian fit into this? The only problem is when the crowd runs off of a cliff (a la sub-prime, Bear Sterns, etc.).

Question: Where does being contrarian fit into this?

]]> By: Ben http://www.bripblap.com/2008/crowdsourcing/comment-page-1/#comment-11930 Ben Wed, 19 Mar 2008 16:23:10 +0000 http://www.bripblap.com/2008/crowdsourcing/#comment-11930 I think the next big crowdsourcing app is going to be Google's Health page. It falls right along your notion of looking for another opinion but might also cut down on a lot of leg work + money: something we over at MilkYourMoney.com are tackling daily. Here is Google Blog's announcement: http://googleblog.blogspot.com/2008/02/google-health-first-look.html I think the next big crowdsourcing app is going to be Google’s Health page. It falls right along your notion of looking for another opinion but might also cut down on a lot of leg work + money: something we over at MilkYourMoney.com are tackling daily.

Here is Google Blog’s announcement: http://googleblog.blogspot.com/2008/02/google-health-first-look.html

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