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The Misinformation of Crowds

I’ve seen much recently piggy-backing on the Wisdom of Crowds. Much of the Web 2.0 seems highly focused on exploiting this phenomenon:

Datamining the crowd: Yahoo and Google both have an Answers service that purports to harness the wisdom explicitly. Ranking results: Digg, Newsvine, Technorati all use forms of distributed social voting to determine quality. [...]