Interesting article from Wired about a study that quantifies what has transformed the web. University of Michigan's professor Paul Resnick's experiment gives concrete evidence that a number generated by a collection of unrelated people — carries quantifiable real-world value.
"In other words, the crowd matters. Today we harness the masses for everything from choosing the next pop star on American Idol to perfecting open source software and assembling Wikipedia articles. But perhaps the most widespread and vital uses for group input online are in scoring systems." Think everything from ebay to Digg.
Read It Here:
"In other words, the crowd matters. Today we harness the masses for everything from choosing the next pop star on American Idol to perfecting open source software and assembling Wikipedia articles. But perhaps the most widespread and vital uses for group input online are in scoring systems." Think everything from ebay to Digg.
Read It Here:
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