Check out this video, singing praise for tools that tap people’s knowledge - whether using prediction markets to forecast everything from election results to American Idol winners to asking the audience tough questions answer on Who Wants to Be a Millionaire.  They point out that people - collectively - perform consistently better than the pundits and experts.  Our post on prediction markets makes many of the same arguments.

Based on our last test of MixedInk, we’re convinced that our 30-headed pundit did better than any individual one of us could have alone!

This entry was posted on Tuesday, July 1st, 2008 at 1:43 pm and is filed under MixedInk, PredictionMarkets, collaboration, collaborative writing, crowd sourcing, prediction markets, punditry, user-generated content, web 2.0. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.