• To: "Nathan Young -X ((natyoung - Artizen at Cisco))" <natyoung@c...>
• Subject: Re: Invitation to metadata dictionary wiki - meaningfuel.org
• From: Klaus Backert <Klaus.Backert@t...>
• Date: Fri, 27 Jan 2006 17:23:40 +0100
• Cc: xml-dev@l...
• In-reply-to: <0DF8CBE327D4654F8567FD8123E328B1014240DF@x...>
• References: <0DF8CBE327D4654F8567FD8123E328B1014240DF@x...>

Hi,

Am 26.01.2006 um 23:06 schrieb Nathan Young -X ((natyoung - Artizen  
at Cisco)):
> A famous early example of wisdom of the crowds was done on a "guess  
> the
> number of jellybeans" contest.  The average guess was much better than
> any of the individual guesses.  The simplicity of this masks the fact
> that "average" is an algorithm that encodes the rule "people will  
> err on
> the high side as much as they will err on the low side".  The  
> algorithm
> only works as well as the rule applies.

In the case of tasks much more complicated than a jellybeans contest  
it may and should be different: An expert performs better than the  
average in the not so short run. There are a lot of complicated tasks  
in business today, where the crowd is simply not competent. This  
encodes the rule "experts will be correct on the high side  
consistently". BTW so called political experts, as an example, don't  
count as experts for me ;-)

Klaus

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• References:
  • RE: Invitation to metadata dictionary wiki - meaningfuel.org
    • From: "Nathan Young -X \(natyoung - Artizen at Cisco\)" <natyoung@c...>

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