Question 1

10 pts

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 “_____ 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