Reputation Management and Collaborative Consumption

The video explores the growing importance of reputation in the digital age, highlighting how platforms like Airbnb and TaskRabbit leverage trust to create new marketplaces. It discusses the concept of collaborative consumption, where technology enables people to share resources and build trust. The video also examines the potential of reputation as a currency, influencing recruitment and personal identity, and envisions a future where reputation data is aggregated across platforms.

What was the condition set by Sebastian's first guest to avoid a bad review?

• To offer a discount

• To get a cat

• To buy a new bed

• To renovate the kitchen

What is the primary benefit of collaborative consumption according to the speaker?

• Building trust between strangers

• Higher profits

• Lower costs

• Increased inventory

What is the most common task posted on TaskRabbit?

• Grocery shopping

• Dog walking

• Assembling Ikea furniture

• Cleaning services

How does reputation affect a TaskRabbit user's ability to earn?

• It increases their chances and potential earnings

• It decreases their chances

• It only affects their rating

• It has no effect

What challenge is associated with reputation data in collaborative consumption?

• Lack of data

• Data privacy and ownership

• Limited user base

• High costs

What is the envisioned future tool for managing reputation data?

• A financial app

• A reputation dashboard

• A government database

• A social media platform

What is the potential impact of reputation capital according to the speaker?

• It will disrupt power, trust, and influence

• It will have no significant impact

• It will replace traditional currency

• It will be less important than credit history

What example is given to illustrate the value of reputation in recruiting?

• Twitter followers

• Facebook likes

• Stack Overflow scores

• LinkedIn profiles

What does the speaker compare the collaborative revolution to?

• The Industrial Revolution

• The Information Age

• The Digital Revolution

• The Agricultural Revolution

What is the speaker's prediction for the 21st century regarding reputation?

• Reputation will be irrelevant

• Reputation will become less important

• Reputation will remain unchanged

• Reputation will be more powerful than credit history