digg
Barack Obama on Linkedin — The Unwisdom of Crowds
I’m not really a person interested in politics, but I have to say that I like Barack Obama’ style. I don’t know much about his political beliefs or, really, any of the presidential candidates beliefs, but Obama’s style is pretty cool. He asked a question on Linkedin Answers and, so far, there are 1459 responses. This got my mind thinking: here we have a great example of crowd psychology — sometimes the Wisdom of Crowds is actually not that wise.
I’m not really a person interested in politics, but I have to say that I like Barack Obama’ style. I don’t know much about his political beliefs or, really, any of the presidential candidates beliefs, but Obama’s style is pretty cool. He asked a question on Linkedin Answers and, so far, there are 1459 responses. This got my mind thinking: here we have a great example of crowd psychology — sometimes the Wisdom of Crowds is actually not that wise.
Digg as a Game: Part Deux
On Friday, September 8 2006, I wrote a post on how Game Theory can be applied to Digg. That same day, Alex dugg that article. This post is about the Digg effect that followed.
On Friday, September 8 2006, I wrote a post on how Game Theory can be applied to Digg. That same day, Alex dugg that article. This post is about the Digg effect that followed.
Digg as a Game
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Inspired by Greg’s insightful post, I thought I’d take a minute (or more) on explaining how Digg is a game.
Elements of a Game
In Game Theory, we care about the elements that arise from interactive decisions. Below are the main elements of a game:
- Players – who is interacting?
- Strategies – what are their options?
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Inspired by Greg’s insightful post, I thought I’d take a minute (or more) on explaining how Digg is a game.
Elements of a Game
The Wisdom of Crowds
The book "The Wisdom of Crowds" by James Surowiecki explains how the aggregation of information in groups can result in outcomes better than if the decision was made by any single person in the group. He argues that there are 3 types of Crowd Wisdom:
- Cognition: Market judgment, which he argues can be much faster, more reliable, and less subject to political forces than the deliberations of experts, or expert committees.
The book "The Wisdom of Crowds" by James Surowiecki explains how the aggregation of information in groups can result in outcomes better than if the decision was made by any single person in the group. He argues that there are 3 types of Crowd Wisdom:
- Cognition: Market judgment, which he argues can be much faster, more reliable, and less subject to political forces than the deliberations of experts, or expert committees.
