Welcome to the bloggy home of Noah Brier. I'm the co-founder of Percolate and general internet tinkerer. This site is about media, culture, technology, and randomness. It's been around since 2004 (I'm pretty sure). Feel free to get in touch. Get in touch.

You can subscribe to this site via RSS (the humanity!) or .

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