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| Titel |
Wisdom or madness? Comparing crowds with expert evaluation in funding the arts |
| Auteur |
E. Mollick, R. Nanda |
| Uitgever |
Harvard business school |
| Jaar van uitgave |
2014
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| Reeks |
Working paper
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14-116 |
| Annotatie |
43 p. ; 30 cm
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| Trefwoorden |
cultuur, projecten, crowdfunding, beoordeling, papers (vorm) |
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Samenvatting
In fields as diverse as technology entrepreneurship and the arts, crowds of interested stakeholders are increasingly responsible for deciding which innovations to fund, a privilege that was previously reserved for a few experts, such as venture capitalists and grant‐making bodies. Little is known about the degree to which the crowd differs from experts in judging which ideas to fund, and, indeed, whether the crowd is even rational in making funding decisions. Drawing on a panel of national experts and comprehensive data from the largest crowdfunding site, authors examine funding decisions for proposed theater projects, a category where expert and crowd preferences might be expected to differ greatly. |
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