Last month, the publisher Simon & Schuster announced a partnership with a Web site called MediaPredict, which would use the collective judgment of readers to evaluate book proposals. The deal drew scorn from many, who saw it as evidence that publishers, in an era of stagnant sales, had so lost confidence in their own judgment that they were reduced to the methods of "American Idol." Full Story »
Posted by Julian FriedlandTo:
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From the author of "The Wisdom of Crowds" we get yet another terrific and easy to understand view of economics and how it effects our world. Having work in Hollywood, I can attest to the lousy way that many projects are chosen. There is more "monkey see, monkey do" than real risk taking. Suroweicki doesn't tell us how MediaPredict will pay it's on line readers, if at all. But I'm interested in the application of large, diverse, and independent decision making to take the place of really bad analysis that we see now on television. Hey, it's worth a try.
