RobinZ comments on Why We Can't Take Expected Value Estimates Literally (Even When They're Unbiased) - Less Wrong
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Exactly. Remember, the whole point of this procedure is to tweak how much credibility you give to voters as a function of the number of voters you have - the only reason I mention experts is that they bypass the sample size problem.
Okay, that's a problem. I think it falls as a subset of the earlier problem of finding trusted expert rankings, however.
If you don't have a lot of data, you're not going to have much to offer your users anyway.