Welcome to the home of Noah Brier. I'm the co-founder of Variance and general internet tinkerer. Most of my writing these days is happening over at Why is this interesting?, a daily email full of interesting stuff. This site has been around since 2004. Feel free to get in touch. Good places to get started are my Framework of the Day posts or my favorite books and podcasts. Get in touch.

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Crowdsourced Ratings?

I was going through some emails this evening and reading the comments on my disintermediating banking post. One comment in particular, by Jeremy, stuck with me: “Well, it’d be hard for the average consumer to evaluate default risk wouldn’t it? Unless we want to go back to the rating agencies…and we all know how well that ended up…” Anyway, I was thinking about this and I wonder if that’s not the sort of thing you could crowdsource? I mean basically, as I understand it, a rating is a subjective thing, so couldn’t you just ask enough folks and average out their replies?

Again, this is an example of a subject I don’t actually know anything about, so someone who does feel free to smack me down in the comments.

August 17, 2009