tag:blogger.com,1999:blog-5117005533318160902.post500451284004159121..comments2024-03-27T19:53:53.708-06:00Comments on growing changing learning creating: Two kinds of expertsTom Haskinshttp://www.blogger.com/profile/12658791778134826289noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5117005533318160902.post-54041049724653630452007-05-24T14:17:00.000-06:002007-05-24T14:17:00.000-06:00Thanks for the great example Uma. Collective wisdo...Thanks for the great example Uma. Collective wisdom replacing expert control -- is showing up all over the economic landscapeTom Haskinshttps://www.blogger.com/profile/12658791778134826289noreply@blogger.comtag:blogger.com,1999:blog-5117005533318160902.post-38473169022205214612007-05-24T12:47:00.000-06:002007-05-24T12:47:00.000-06:00The debate on experts takes me to familar debates ...The debate on experts takes me to familar debates on stock market efficiency. An efficient market for information makes it possible for several anonymous users of the stock market to contribute collectively to the process of price discovery. This ensures that prices reflect value, unlike a credit-officer driven loaning system, where the dependence on the expertise of the officer is too high. Thought I have worked for long years in the capital markets and am a newcomer to the e-learning space, this similarity is too striking to ignore. WiKis and open source are the tools to anonymous markets for knowledge and learning, and will thrive when information is public, low-cost and easy to access. The discounting of expertise, centralised in one or few individuals is therefore a natural outcome of this process.Unknownhttps://www.blogger.com/profile/03390695568554260312noreply@blogger.com