![]() ![]() ![]() It is also important to note that social incentives are very dependent on the platform and the type of activity. That is, to achieve the effect of the wisdom of crowd, these platforms require that many individuals volunteer their unique knowledge or evaluations. An important precondition for functional crowd wisdom is large-scale participation. One such influence is the social incentive for participation in the platform. Yet, little work has examined sources of distortion that are endemic to crowdsourcing itself. While these general sources of distortion can be a challenge, many can be addressed with policies, such as blinding others’ identifications, without sacrificing important aspects of a crowdsourcing site. Nonetheless, such social influences may distort the wisdom of any crowd or group, rather than influences that pertain specifically to the dynamics of crowdsourcing platforms. For instance, social influences such as herd effect can mislead crowds by homogenizing individual responses, reducing the crowds’ advantage in gathering diverse information. Researchers have long recognized this vulnerability in crowdsourcing. This provides a theoretical reason to take the content on platforms such as Wikipedia or Yelp seriously.Ĭrowds, however, are not always wise. The effect of wisdom of crowds refers to the idea that the judgments of many non-experts can be aggregated into a product whose quality rivals or even surpasses that of an expert. The “wisdom of crowds” is a commonly embraced idea by crowdsourced review sites. The findings suggest the importance of studying sources of distortion that are endemic to crowdsourcing itself. This leads to a different kind of distortion to crowd wisdom: an over-representation of status-conferring products and an under-representation of products that are not status-worthy. The impact of this individual-level tendency is confirmed by our aggregate-level analysis which shows that restaurants with higher price levels, higher uniqueness levels, and a larger percentage of elite reviews tend to obtain enough reviews to generate wisdom of crowds sooner than other restaurants. Using Yelp restaurant reviews in 6 cities, we found that motivations of status seeking lead people to review a greater variety of restaurants, and achieving status further encourages this variety seeking as well as the targeting of more expensive restaurants for review. Read below to see what some of our previous customers have to say about their experiences with us, and make the short drive over to our showroom today.This study shows that while status seeking motivates people to participate in crowdsourcing platforms, it also negatively impacts the bedrock of crowdsourcing–wisdom of crowds. ![]() Whether you're looking to get behind the wheel of a new or used Ford, seeking financing offers, or in need of auto repair services, Middlekauff Ford is here for you. We strive to be your one-stop Ford dealer, and will work to make sure your next experience with us is a pleasure. You can also get approved right here at our finance department as well. The sales team here at Middlekauff Ford has years of experience and pairing customers with the Ford models they want. To help us serve you better, be sure to read our available customer reviews and check out our vast inventory today. If you are in the market for a new Ford F-150, Mustang, Fusion, or Focus, let us assist you with your purchase. ![]() Your satisfaction is essential, and we want to get you back on the road in no time. We value your feedback, and we strive to make sure you get behind the wheel of your new Ford. Our goal is to make sure your next car-buying experience is as effortless as possible. We are one of the most trusted Ford dealers around with a staff of professionals ready to assist you all of our Twin Falls, ID customers. Your satisfaction is essential, and the sales team here at Middlekauff Ford would love to hear about your experience with our sales team. ![]()
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