Rationally Speaking #76 - Crowdsourcing and the Wisdom of Crowds
Rationally Speaking Podcast
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The Ethics of Crowdsourcing Competitions
This chapter explores the ethical considerations surrounding crowdsourced competitions, focusing on the financial advantages for companies and the cognitive biases affecting participants' perceptions of their chances. It also traces the historical roots of crowdsourcing to government initiatives and highlights the successes as well as the unrecognized contributions of many participants.
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