Category Culture

Speaking of reviews and recommendations

In another frame of mind, I would say that some crowd-sourced reviews do make me happy. ‘Skip S’ reviews Animal Collective’s Merriweather Post Pavilion on iTunes:

Okay. Imagine sitting back in the day with none other than the Buddha himself. The two of you are discussing life, love, and various other zen things. Then, all of a sudden a man approaches you both offering some fresh Indian rice. When the rice is finished cooking, you realize, “Oh my lord. I forgot my soy-sauce back in the future!” The Buddha tells you to calm down and he smiles and reaches into his woven napsack and pulls out his own personal bottle. You graciously accept his gift, and soon enough your stomach is full of a delicious medly of flavors and such. You lean back, completely content. A wide smile stretches across your face.

That’s what this album is like.

79 out of 95 listeners found this review helpful.

Aggregation aggravation

It seems to me that one of the fundamental advances and problems with web 2.0 is that it poses expertise against aggregation. The ‘old’ system (and here I would say that these are overlapping, not coterminous ways of doing things) is one of expert reviews, or critics. You want to know what movie to see, so you ask Roger Ebert (though his recent review and ongoing defense of Nicolas Cage’s Knowing strikes me as bizarre). If you want to know what music to listen to, you turn to Sasha Frere-Jones. For consumer goods, Consumer’s Guide. For electronics, David Pogue. And so on.

The point is fractal, incidentally. In this ‘old’ system, for policy advice you would call on sociological experts (naturally, though maybe other lesser social scientific experts if you’re interested in worse advice). In organizations, you would look for marketing advice from your marketing division, operations from operations, finance from finance. Obviously the more general the point I make the more fault you can find with it. And you would be right. But bear with me for a moment.

The ‘new’ system rests on a Wisdom of Crowds knowledge. That is, if you take a bunch of people and ask them their opinions, you can get a better fix on uncertain knowledge than you can with a small number of experts. Now, Surowiecki himself is not this simple: at minimum one must overcome problems of cognition, coordination, and cooperation. But this said, proponents of this kind of system point to rather stark indicators of success. Google’s PageRank (though I find the idea that they use 500 million variables and 2 billion terms absurd); Yelp; the Iowa Electronic Markets; Metacritic. And in the more general point, we see a substitution of ‘market’/crowdsourcing/datamining as a substitution for design, marketing, strategy. Here I mean the A/B testing ad absurdium as a substitute for design. Data-mining as a substitute for marketing. Quantitative finance as a substitute for market forecasting.

This whole edifice actually rests on a kind of efficient markets hypothesis, or more specifically a Friedrich Hayek-type consolidation of ‘adverse’ knowledge (meaning, in this context, private knowledge) via a market mechanism. While Hayek wanted to argue that market-based societies are better than centrally-planned societies, his work has become the intellectual touchstone of all things information market. And really that’s what it comes down to. Crowd-sourcing: a replacement of expertise with market.

However, there are some things to think about here that make this ‘new’ system quite problematic. And I ain’t sayin’ so just because I’m an expert (after all, the policy people really don’t come talking to sociologists, despite my preferences). There are one specific and one theoretical.

The first specific is that some people are just crazy, and aside from creating a tail-end of a distribution curve, it’s not at all clear what these folks contribute to the crowd. Old but still hilarious is Andy Baio’s Amazon Knee-jerk Contrarian Game. Personally, I like the ratings game at Yelp, an often-loved but massively crowd-sourced guide. Take, for instance, the Museum of Modern Art in NYC (i.e., the, or one of the, best modern art museum in the US and the world):

Why 1 star? Its just a horrible place to visit never ever again, screw this contemporary art thing, the exhibits they had going on were……… yeah no way to describe the sheer disappointment in the place. The place is designed to shock and awe you, all it did was bore me.
and
Most of the exhibits at MoMA are just random objects or B.S. paintings–hardly classifiable as art.
I could just go down to my garage or get a toddler to paint on a canvas to receive the MoMA experience. No crowds or superinflated entrance fees there, either.

and
I was so jazzed to go there. Many people I know raved about it.
All I came away with from this place was one word: Overrated.
Quality Modern Art is subjective. In my mind, for the hype this place gets is unwarranted. So sad…

So how do these reviews contribute to overall ratings systems? More broadly, what if the feedback/view/idea/opinion from your customers is just wrong? In 2.0 way of thinking about things, this is like saying that a market price is incorrect – it is axiomatically impossible, barring something wrong with the system (an information problem being the first culprit). And there is no ‘expert’ to say otherwise.

More theoretically, it has never really be adequately explained why a ‘market-like’ information crowd-sourcing should work. I understand why markets might produce a price that incorporates most public and private information about a commodity. But the widespread substitution of expertise with data mining and crowd-sourcing is a market metaphor more than a market. Why should a metaphor work? This is at the heart of someone like Daniel Davies’ criticism. And I get that sometimes aggregation does work. But there’s no good reason why.

My own feeling is that, using March’s metaphor of ‘exploitation’ and ‘exploration’ (where the first is the plumbing of existing knowledge/arenas, and the second is the seeking out of new opportunities), aggregation mechanisms are better at exploitation than exploration. They do better with existing standards of knowledge, of tastes, of commodities, than they do with something that is new. You know, Blue Ocean and such. I think there are better solutions for a 2.0 world that combine expertise and aggregation (for instance, Five Thirty-Eight‘s work on the 2008 elections that combined data mongering with theoretically-driven and field-visit-driven analysis). But this post is already too long.

vinaigrette

The world would be better if people made this salad more. It takes less than 5 minutes.

Materials:
a salad bowl and tongs for salad; a small-ish bowl, a small spoon, and a whisk for dressing

Ingredients:
(for the salad)
a big bag of mixed green salad
walnuts (toasted a few minutes in a dry pan on the stove, if you like them toasted)
dried cranberries
cheese (if you like it..maybe a little blue cheese?)

(for the dressing)
good quality olive oil (don’t wanna spend an arm and leg on good olive oil? Buy it online from my favorite market for 16 bucks a liter. Use it for salad dressing only)
good quality white wine or cider vinegar (ahem)
good quality salt (splurge for the 15 dollar fleur de sel, or the 5 dollar sea salt, but do better than Morton’s)
pepper (from a grinder. It costs the same and it’s tastier)
a spoon full of dijon mustard (I use Maille)

To make it:
1. Make the dressing. In the small bowl combine a big fat pinch of salt with 8-10 grinds of pepper (more or less salt or pepper depending on your taste, but it should be boldly flavored). Add the mustard, add a tablespoon of vinegar.
2. While whisking, start adding the oil, until you’ve added about 3 tablespoons. If you add it all at once, you’ll get a kind of separated dressing. If you add the oil a little at a time, it should come out pretty blended. It tastes good in both cases.

3. Combine the lettuce, nuts, cheese, dried cranberries. Then add 2 or so tablespoons of dressing. Toss with your hands. Go easy on the dressing, it’s easier to add more than to take some out.

Eat. Use the leftover dressing for tossing over steamed and salted green beans or something.

If the internets didn't exist, we'd have to invent them

nom nom nom

8 more ways to extract applause from a group of male traders

Rick Santelli, some white dude on TV, made news today by dissing Obama’s mortgage plan. He stood on the floor of the CME Group and said:

Santelli: … And in terms of modification, I’ll tell you what, I have an idea. You know, the new administration’s big on computers and new technology, how about this, President and new administration. Why don’t you put up a website to have people vote on the Internet as a referendum to see if we really want to subsidize the losers’ mortgages or would we like to, at least, buy cars and buy houses in foreclosure and give them to people who might have a chance to actually prosper down the road. And reward people that can carry the water instead of drink the water. (rowdy applause on the trading floor)

Host: That’s a novel idea. They’re like putty in your hands. Did you hear –

Santelli: No they’re not, Joe, they’re not like putty in our hands. This is America! How many of you people want to pay for your neighbor’s mortgage that has an extra bathroom and can’t pay their bills? Raise their hand. (no hands raised, lots of booing) President Obama, are you listening?

Trader on the floor: How about we all stop paying our mortgages? It’s a moral hazard….

This is a group I am pretty familiar with, as my dissertation was on a…strikingly similar crowd of people. Just for a little reference, here are some other things you can say that will get a rousing burst of applause, a good amount of whistles and/or a fight. This is not a McSweeney’s list:

  1. Hey you fucking asshole, when I ask for a market I want bid, offer, size. 1, bid, 2, offer, 3, size, it’s not that fucking difficult, you stupid asshole. Do you got that? (actually this was directed at me)
  2. I fucked your mother! (come to think of it, that also was directed at me)
  3. Cunts shouldn’t be allowed on the floor. Put that in your dissertation!
  4. Fight!
  5. Chris ate 30 hot sauce packets in 30 minutes!
  6. Fuck you! (variously directed at me)
  7. Fuck Bill Clinton! (interestingly, also directed at me)
  8. A (after losing a fist fight on the floor to much larger B): Great, you can beat up a guy 100 pounds smaller than you. Next you want to beat up my sister? B: Fine, but I’d fuck her first.

And courtesy of a current trader, here’s the joke going around now: Just buy the 3′s. It’s fucking TARP money anyhow!

Valleys of value

Mike at the Online Photographer, makes an elegant point (with graph!) about the relationship between time and economic value. In looking at photographic archives and collectibles, he notes that there is a transformation from use-value in the short term, to no use-value/no-exchange value in the middle term, to no use-value/high exchange-value in the long term. The middle section is the trough:

better than the uncanny valley, at least

better than the uncanny valley, at least

The examples he uses are lunchboxes, which went from being useful, to being useless, to be collectible; and of course, photographs. It’s an interesting point.

I do think that what the time variable is doing is creating scarcity more than kind of generating nostalgia value. I mean, there is some element of nostalgia. I bought a couple of old typewriters recently (this kind and this kind, not as pristine but not even remotely as expensive), and the feeling of typing on one recalls some weird muscle memory in me that makes me happy. Lunchboxes probably hold the same allure. But generally, it’s that there were 1.25 million Underwoods produced over a 20-year period, and the number that survive goes down year by year by year.

I’m reminded again of the so-called ‘$40 million dollar elbow’ story, that Steve Wynn plunked his elbow through a 1932 Picasso painting, “Le Rêve.” It would have been a steal to buy the piece at a discount because the elbow made the piece no longer pristine. In a ‘scarcity trough’ rather than a trough of no value, there are lots of Picasso’s in pristine condition. But over time, accidents will happen, some will get lost, ruined, restored, stolen. In another 100 years, there will be very few pristine Picasso’s, and the value of the painting will once again be more about its substance than its condition.

The other interesting thing about the trough of no value is that some items never become collectibles. So there is still something else going on, not just scarcity and age. I wonder if pet rocks or Simon will come back as a collector’s item. I’d guess there’s more chance of the latter than the former, but I don’t think it is about scarcity.

(via kottke)

Consumer Product Safety Improvement Act

The CPSIA is a response to the lead found in children’s toys (made in CHINA!!), which requires third party certification that there is no lead in toys, clothing, craft products, among other things.

One of the side-effects of this sweeping change is that one of my favorite sites, Etsy is going to be wildly affected. Making no distinction between a person making crafts and toys at home and large companies making bulk orders of puzzles and games, suddenly a bunch of small-time crafters are going to either have to get expensive 3rd party certification or cease selling stuff.

Ok, this is just an excuse to post a photo of Bean the wonder dog.

You go, Bean.

You go, Bean.

Takashi Murakami and Burned Art

Jennifer Lena and I have a new video up, a continuation of our conversation about the relationship between cultural value and monetary value. We’re talking about devaluation, specifically burned art – in the high art and pop art worlds. And we’re circling around a discussion of spheres/circuits/arenas of value.


Burned Art and Murakami from Peter Levin and Jennifer Lena on Vimeo.

Our tech is still low, but hopefully getting better (it looks better when it’s on Vimeo and not embedded). And we are again deeply hoping for some comments, reactions, and thoughts. And our first video is still around as well, if you are interested in seeing where it began.

Something New – Markets and Art

As an experiment in sociology and blogging, Jenn (from whatisthewhat.wordpress.com) and I have put together a brief video on culture and markets, the beginning of what we hope will be a conversation at the intersection of culture, sociology, and economics. We’ll work on the lighting and switch off the big-head/small-head, but we hope you like it.

If you have thoughts, we’d love to hear them, but we hope you’ll be at least a little kind – this is one of those situations where your self-identity as brutally honest should not trump your self-identity as gracious.

And the links to the videos we reference: Fashion File: Making an Hermes Bag, and Contemporary Art Preview


Art and Markets 1: Selling Crafts and Art from Peter Levin on Vimeo.

All right, stop, collaborate, and listen

I\'m cookin\' MCs like a pound of bacon

I'm cookin' MCs like a pound of bacon