File for ‘Crowdsourcing’ Category
Does Social Media Require a Non-Monetarian Economic Theory?: Barter, Reputation, and Common Good Economics.
Posted by: Ken Fischer in: ● March 27, 2009
Economics, according to wikipedia, is the social science that studies the production, distribution, and consumption of goods and services.
Notice money is not mentioned. But the current theories of economics socio-economic (Kondratieff (Kondratiev), Schumpeter, Kuznets) , fiscal-economic (Keynesian / Monetarist) and political-economic (Libertarian/Austrian) theories are all based on monetary markets.
Well that makes sense because MOST [...]
Is social media a KID FAD? A quick way to remember Surowiecki's requirements for successful collaboration
Posted by: Ken Fischer in: ● February 2, 2009
In James Surowiecki’s Wisdom of the Crowds he argues that for a collaboration to be successful it must have 6 elements:
Knowledge must exist in the audience
Independence of contributors
Diversity of opinion
Focused on compatible goal
Aggregation of information
Decentralized Process/Local Knowledge
I thought KIDFAD is a good way to remember since there are still people who think that is what [...]
Mobsourcing vs Crowdsourcing: Can conformity occasionally make for a more reliable crowd?
Posted by: Ken Fischer in: ● December 26, 2008
In my last post I started to examine the claim of the cluetrain manifesto that a more networked audience is more intelligent or at least a better detector than an individual. The #Mumbai victim list twitter distribution illustrated 4 ways which a network can apply truth filters and 2 ways in which the [...]
The Difference a Network Makes: #Mumbai Attack and Twitter demonstrate the changing behavior of a networked audience.
Posted by: Ken Fischer in: ● December 17, 2008
Note: I have not verified the list of the Mumbai victims referenced here nor do I take a stand on its authenticity, accuracy or morality. I think its a very interesting example of how a networked audience behaves differently than an non-networked audience.
The mention of the increasing intelligence of a networked audience is what really [...]
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