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May 28, 2005
Google Markets
Markets work by collecting data about who wants what, and how much they are willing to pay for it, then giving out incentives based on who can get what where and how efficiently. The trick, of course is to ensure that the incentives are properly aligned, but that is a whole separate issue...
Google works by constantly collecting data about what words are is related to what content, and how relevant they are. Google works not because of its much ballyhooed democratic impulses, but rather it’s market-like aspects...
Posted by Andrew at May 28, 2005 12:34 PM
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