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Averages (even with the post's approach) still have the problem of not being "honest" in the game theory sense. For example, if something is rated 4 stars with 100 reviews, a reviewer who believes its true rating should be 3 stars is motivated to give it 1 star because that will move the average rating closer to his desired outcome. A look at rating distributions shows that this is in fact how many people behave. Median ratings are "honest" in this sense, as long as ties are broken arbitrarily rather than by averaging. Math challenge: is there a way of combining the desirable properties mentioned in the post with the property of honesty? I suspect there is but I haven't tried it. |
I usually don't want ratings, I want the Wirecutter treatment. Sometimes, I know/care enough to really research the topic, in which case star reviews are relatively unhelpful. The rest of the time, I just want someone trustworthy to say "buy this if you want to pay a lot, buy this if you want something cheap, but this third thing is no good at any price".