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Commentary by Howard Rheingold ()
on link by T, orchestration of credibilit, Jan 05, 2012.
Regarding "The Wisdom of Crowds," I think prediction markets are a useful but limited tool. Unfortunately, people tend to use the term too broadly. In my chapter on collaboration literacies I break down the literacies into collective intelligence (nobody knows everything, everybody knows something, with the right architecture -- like Wikipedia -- we can make that work for us), virtual communities, social production, crowdsourcing. These are all different techniques for using "architectures of participation" to leverage self-interest into public goods. (Hits Today: 11011 Total: 11011)