Although Wikipedias volume of English entries is more than 500 times greater

Although wikipedias volume of english entries is more

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Although Wikipedia’s volume of English entries is more than 500 times greater than that of Britannica, the site is not as error-prone as you might think. The free online encyclopedia relies on the wisdom of the crowds, which assumes “the many” often know more than “the expert.” Moreover, user-generated content needs to be verifiable by reliable sources such as links to reputable websites. A peer-reviewed study by Nature of selected science topics found that the error rate of Wikipedia and Britannica was roughly the same. Yet, Wikipedia’s crowdsourcing approach to display user-generated content is not without criticism. The most serious are that the content may be unreliable and unauthoritative, that it could exhibit systematic bias, and that group dynamics might prevent objective and factual reporting. Endnotes: 1 2 CBS 60 Minutes video “Wikimania,” , April 5, 2015. Sources: This minicase is based on: CBS 60 Minutes video “Wikimania,” , April 5, 2015; “How Jimmy Wales’ Wikipedia harnessed the web as a force for good,” Wired, March 19, 2013; Greenstein, S., and F. Zhu (2012), “Is Wikipedia biased?” American Economic Review 102: 343–348; “End of era for Encyclopaedia Britannica,” The Wall Street Journal, March 14, 2012; Greenstein, S., and F. Zhu (2012), “Is Wikipedia biased?” American Economic Review 102: 343–348; ; ; “Wikipedia’s old- fashioned revolution,” The Wall Street Journal, April 6, 2009; Anderson, C. (2009), Free. The Future of a Radical Price (New York: Hyperion); “Internet encyclopedias go head-to-head,” Nature, December 15, 2005; Anderson, C. (2006), The Long Tail. Why the Future of Business Is Selling Less of More (New York: Hyperion); Surowiecki, J. (2004), The Wisdom of Crowds (New York: Bantam Dell); and, of course, various Wikipedia sources.
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65. Award: 1.00 point Following Encarta’s success, Jimmy Wales wanted to offer a free, online multilanguage encyclopedia that anyone could edit or contribute to by simply clicking on an “edit this page” button. Which phase of the innovation process does this represent? Innovation Imitation Invention Idea Patent Encarta was the first disruptive innovation to the encyclopedia business; Wikipedia was the second, but before launching it, it was but an idea in Wales’ mind. References Multiple Choice Difficulty: 1 Easy Learning Objective: 07-01 Outline the four-step innovation process from idea to imitation.
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