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wadavis comments on Stupid Questions December 2014 - Less Wrong Discussion
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Doesn't seem so. If you rate by quintiles your rating effectively indicates the rank of the bucket to which the thing-being-rated belongs. This reflects "the item's relative position in its group".
If you want your rating to reflect not a rank but something external, you can set up a variety of systems, but I would expect that for max information your rating would have to point a quintile of that external measure of the "value independent of the group".
Trying to stab at the heart of the issue: I want the distribution of the ratings to follow the distribution of the rated because when looking at the group this provides an additional piece of information.
Well, at this point the issue becomes who's looking at your rating. This "additional piece of information" exists only for people who have a sufficiently large sample of your previous ratings so they understand where the latest rating fits in the overall shape of all your ratings.
Consider this example: I come up to you and ask "So, how was the movie?". You answer "I give it a 6 out of 10". Fine. I have some vague idea of what you mean. Now we wave a magic wand and bifurcate reality.
In branch 1 you then add "The distribution of my ratings follows the distribution of movie quality, savvy?" and let's say I'm sufficiently statistically savvy to understand that. But... does it help me? I don't know the distribution of movie quality. it's probably bell-shaped, maybe, but not quite normal if only because it has to be bounded, I have no idea if its skewed, etc.
In branch 2 you then add "The rating of 6 means I rate the movie to be in the sixth decile". Ah, that's much better. I now know that out of 10 movies that you've seen five were probably worse and three were probably better. That, to me, is a more useful piece of information.
I understand and concede to the better logic. This provides greater insight on why the original attempt to use these ratings failed.