When completing a complex task (e.g., sequencing large amounts of human genetic material) are experts or outsiders more likely to produce superior results?
Outsiders
Experts
Question 2
10 pts
The authors reference two difficult problems that arise as a result of the nature of the crowd. Which is not one of these two problems?
It can be difficult to distinguish between participating humans and nonhuman "bots"
Some members of the crowd can misbehave in hurtful ways
It can be difficult to find what you're looking for in an ocean of information
Question 3
10 pts
A blockchain can be used to record transaction information to a ledger that contains digital "__smart___ contracts."
Question 4
10 pts
The authors list two consistent features of management styles at sophisticated companies. Which is not one of those two features?
Technical skills
Transparency of information
Egalitarianism of ideas
Question 5
10 pts
Markets typically have _____ production costs while hierarchies typically have _____ coordination costs.
lower...higher
higher...higher
lower...lower
higher...lower
Question 6
10 pts
True or False: The authors argue that the best solution to the problems of the crowd involve central planning at the core.
True
False
Question 7
10 pts
True or false: Bitcoins are purely and only pieces of information, yet it is essential that they not follow the "free, perfect, and instant" economics of information goods [which were discussed in detail in Ch. 6].
True
False
Question 8
10 pts
The authors refer to a number of characteristics of "geeky leadership." Which of the following is not one of those characteristics?
Openness
Highly informed
Noncredentialism
General intelligence
Highly engaged
Technical proficiency
Question 9
10 pts
Brynjolfsson and McAfee argue that the demand for these skills will rise as we move further into the Second Machine Age.
Non-routine and analytical skills (problem solving)
Social skills (e.g., persuasion and social perceptiveness)
None of these
Technical skills (engineering, writing code, etc.)
Routine skills (both cognitive and physical)
Question 10
10 pts
This term describes the dominant organizations, institutions, groups, and processes of the pre-Internet era.
Crux
Crowd
Core
Center
Code
