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About Me

Crowdsourcing: A Definition

  • I like to use two definitions for crowdsourcing:

    The White Paper Version: Crowdsourcing is the act of taking a job traditionally performed by a designated agent (usually an employee) and outsourcing it to an undefined, generally large group of people in the form of an open call.

    The Soundbyte Version: The application of Open Source principles to fields outside of software.

The Rise of Crowdsourcing

  • Read the original article about crowdsourcing, published in the June, 2006 issue of Wired Magazine.
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« Chapter 7-What the Crowd Knows: Collective Intelligence in Action | Main | Chapter 7-What the Crowd Knows: Collective Intelligence in Action, Cont. »

May 20, 2008

Comments

alan booker

Interesting, the function unintentionally, might be that the blog ultimately serves some other purpose that pure blog blog!

It does appear that intensive bloging is not your cup of tea Jeff. The comment from Joshua is certainly a fair one and if I may say so, well stated.

But as we all know, the signposts might be moved as the book comes to fruition and family dynamics change!

“Palo Alto speaking gig today, then Amsterdam tomorrow, then all the way back to LA next week. This would all be terribly thrilling if I was 27. At 37 it's exhausting. Still fun. But exhausting.” . . . . . . . . . . . . 37, you’re still a spring chicken Jeff. BTW what are the gigs?

The continuation of chapter seven leaves little to be picked at in my opinion other than this:

“So it should come as no surprise that in the real world, some applications of collective intelligence are neither information markets nor problem-solving networks, but an intriguing hybrid of the two. Crowdsourcing doesn’t offer a collection of ironclad rules. Sometimes the best strategy is intelligent improvisation.”

Intuitive improvisation?

The assumption that the hybrid might only consist of two traditional elements might be too narrow a viewpoint. At a future point in time when the present CS phenomena has matured and it’s effects are manifest in other markets one might have to define completely new concept/concepts, or it might end as just a blip on a small screen!

I would bet/predict that if there is ever a format where good money could be made using prediction markets, they will gain weight/thickness and Congress and federal regulators would probably change their tune.

The question of prediction market being weighted against a risk index might be shot if reckless financial involvement driven by greed pushed the concept into a mainstream market.

For what its worth, Alan

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The question of prediction market being weighted against a risk index might be shot if reckless financial involvement driven by greed pushed the concept into a mainstream market.

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