Conservative Economic Commentary | Topic: Crowdsourcing

Dodd-Frank makes consumer credit more expensive. Time to cut-up your credit card? #tcot #fb http://bit.ly/cAmjOT >>
M. Malkin: O's Summer of Recovery is looking like the Beltway Chainsaw Massacre of Jobs. http://capital-flow-watch.net/q8i #tcot >>
@geeopee Yes. But the Czars are so busy and the laws so inscrutable that it's very difficult to keep track. Devastation is catastrophic. >>
@mom2giqm Why not? Exploitation is the name of the game. >>
@Drain_The_Swamp Yes, except he delegates everything to his Czars so he can play scrabble with Valerie Jarrett (who lets him win) >>

Subject: crowdsourcing

Crowdsourcing is a neologistic compound of Crowd and a short for Outsourcing, for the act of taking tasks traditionally performed by an employee or contractor, and outsourcing them to a group of people or community, through an “open call” to a large group of people (a crowd) asking for contributions.
For example, the public may be invited to develop a new technology, carry out a design task (also known as community-based design and distributed participatory design), refine or carry out the steps of an algorithm (see Human-based computation), or help capture, systematize or analyze large amounts of data (see also citizen science).
The term has become popular with businesses, authors, and journalists as shorthand for the trend of leveraging the mass collaboration enabled by Web 2.0 technologies to achieve business goals. However, both the term and its underlying business models have attracted controversy and criticisms. (Wikipedia Jan 2010)

With respect to finance, crowdsourcing may be used in collaborative investment research.

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