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Become a part of the Wisdom of Crowds

Mar 30, 2012, 12:33 PM EDT

Crowds

Tom Tango is big on crowd-sourcing. In the past he has asked readers for personalized scouting reports, but he does other stuff along those lines too.  Including this, his Community Forecast, which determines how often each player on a given team is expected to play.

There are many applications for this kind of data, be it fantasy or analytical or both. And it helps to figure out whether True Fans of a team — who know its ins and outs — know more than mere algorithms projecting the same stuff.

Don’t be part of the problem, be part of the solution, and help Mr. Tango out with his crowd-sourcing.

  1. Old Gator - Mar 30, 2012 at 12:49 PM

    Ah. For my money the best read on the “wisdom of crowds” is still The Ox-Bow Incident. Spike Lee’s twitter of the wrong Zimmerman family’s address runs it a close second.

  2. stex52 - Mar 30, 2012 at 12:56 PM

    Any good financial bubble of the last 400 years would also suffice as an example.

    Lynch mobs do add a certain extra horror to it, though.

  3. qcubed3 - Mar 30, 2012 at 4:00 PM

    The wisdom of crowds works great when trying to determine the number of marbles in a jar, or the number of marbles in a can, or even the number of marbles in some sort of bin. So, extrapolating the power of crowds to determine the number of marbles in places to the real world, the wisdom of crowds is the greatest force in the universe . . . for counting spherical objects in containers.

  4. stex52 - Mar 30, 2012 at 4:47 PM

    Is this close to the old Pentagon idea of forming a futures market around where we go to war next (circa about 2003)?

    • stex52 - Mar 30, 2012 at 4:48 PM

      “circa about”. There’s a nice little redundancy. Proof read!!

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