Related to this post: An investigation by the journal Nature finds that the accuracy of science articles in Wikipedia is comparable to that of the Encyclopedia Britannica:
The magazine had subject-matter experts review 42 pairs of entries from both encyclopedias, without letting the experts know which was which. Wikipedia averaged four mistakes per entry, and Britannica averaged three. Most of the errors were insignificant, the magazine states in an article released today, such as whether someone was the 13th or 14th child in his family. Experts found eight serious errors — four in Wikipedia and four in Britannica — including misinterpretations of important concepts. The article did not spell out the errors in detail.
Four mistakes per entry still seems pretty high to me, but the difference seems to be in the shelf life of those mistakes. A mistake in Wikipedia will remain only until a user catches and corrects it, which could be days; a mistake in the Britannica will stay until the next edition, which could be years.
[Hat tip: Wired Campus Blog]

