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WHEN AND WHY TO TRUST THE WISDOM OF THE CROWD? Asking the Internet About Pricing June 6, 2016 Mircea Baldean

MeetVibe at TechToronto

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Page 1: MeetVibe at TechToronto

WHENANDWHYTOTRUSTTHEWISDOMOFTHECROWD?

AskingtheInternetAboutPricingJune6,2016

MirceaBaldean

Page 2: MeetVibe at TechToronto

TheWisdomoftheCrowd:HowManyJellyBeansAreintheJar?

Tweetyoures+mate:

#techtojb???

TWEETYO

URESTIM

ATE!

Page 3: MeetVibe at TechToronto

Phoneafriend65%

AsktheAudience91%

Source:J.Surowiecki,“TheWisdomofCrowds”,AnchorBooks,2005.

Individualsvs.theCrowdW

HENANDW

HYTOTRUSTTHEW

ISDOMOFTHEC

ROWD?

Page 4: MeetVibe at TechToronto

WHENAN

DWHYTOTRU

STTHEWISDO

MOFTHEC

ROWD?

WhatWeAskedtheInternet?

Howmuchwouldyoubewillingtopayperyearforamobileappthatmakesappointmentswaymoreconvenient?

“

”

Page 5: MeetVibe at TechToronto

WhenandWhytoTrusttheWisdomoftheCrowd?

When?YouhaveacollecYonofindependentopinions.

Why?Becausetheyareusuallyright!

WHENAN

DWHYTOTRU

STTHEWISDO

MOFTHEC

ROWD?

Page 6: MeetVibe at TechToronto

Surprise..NoMoreTests!

Thank#you!MirceaBaldeanmeetvibe.com/baldean@baldean

THANK#YO

U!


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