Tuesday, January 13, 2009

I'm not an expert

Freakonomics In addition to the disappointing Outliers, one of the other books I read over Christmas was Freakonomics, a lightweight but highly readable application of economic principles to the motivation and underlying incentives behind many areas of life.

One of the recurring ideas in this book is that many transactions are driven by information asymmetry, and that "experts" arise because they have a vested interest in maintaining information asymmetry (to their advantage, of course). So anyone who blogs (in the genuine reflective sense, as opposed to conducting an online PR exercise) can't be an expert, because by sharing knowledge we are attempting to reduce information asymmetry. I guess that's why I didn't win an edublog award then ;-)