Crowds, Experts Agree On What Should Be Funded
In just six years Kickstarter has raised more than $1 billion to fund over 60,000 projects, it’s been contributing more money to the arts than the National Endowment for the Arts on an annual basis since 2012. With crowds playing such an important role in which projects get funded, Wharton professor Ethan Mollick and Harvard Business School professor Ramana Nanda decided to find whether crowds are ‘wise’ or ‘mad’. Put another way, to what extent do they agree with experts and are they able to predict successful projects? They find that crowds are ‘wise,’ and that they can . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible