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==History==
The wager was proposed by Benkler in July 2006 in a comment to a blog post where Carr criticized Benkler's views about volunteer peer-production. Benkler believed that by 2011 the major sites would have content provided by volunteers in what Benkler calls [[commons-based peer production]], as in [[Wikipedia]], [[reddit]], [[Flickr]] and [[YouTube]]. Carr argued that the trend would favor content provided by paid workers, as in most traditional news outlets.<ref>{{cite news |first= Charles|last= Arthur|authorlink= |coauthors= |title=What is the Carr-Benkler wager? |url=
In May 2012 Carr resurrected the discussion, arguing that he had clearly won the wager, pointing out that the most popular blogs and online videos at that time were corporate productions.<ref>{{cite web |first= Nicholas|last= Carr|authorlink= |coauthors= |title=Pay Up, Yochai |url=http://www.roughtype.com/archives/2012/05/pay_up_yochai_b_3.php|accessdate=2012-05-06}}</ref> Benkler replied with a rebuttal shortly after,<ref>{{cite web |first= Benkler|last= Yochai|title=Carr-Benkler Wager Revisited |url=http://blogs.law.harvard.edu/ybenkler/2012/05/07/on-the-carr-benkler-wager/|accessdate=2012-05-06}}</ref> arguing that the only way Carr could be seen to have won is if social software was considered as commercial content. [[Gigaom]] writer Matthew Ingram stated that "Benkler has clearly won. While there are large corporate entities with profit-oriented motives involved in the web, a group that includes Facebook and Twitter, the bulk of the value that is produced in those networks and services comes from the free behavior of crowds of users."<ref>{{Cite news|url = https://gigaom.com/2012/05/09/the-carr-benkler-wager-and-the-peer-powered-economy/|title = The Carr-Benkler wager and the peer-powered economy|last = Ingram|first = Matthew|date = May 9, 2012|work = Gigaom|accessdate = November 29, 2014}}</ref>
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