brip blap - Latest Comments in crowdsourcing

Re: crowdsourcing

Mike Malina — Thu, 20 Mar 2008 13:15:47 -0000

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.

Re: crowdsourcing

Steve (Brip Blap) — Wed, 19 Mar 2008 15:34:13 -0000

@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).

Re: crowdsourcing

No Debt Plan — Wed, 19 Mar 2008 15:25:54 -0000

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?

Re: crowdsourcing

Ben — Wed, 19 Mar 2008 12:23:10 -0000

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-h...