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New $100K Machine Learning Contest

  #7 (permalink)

san francisco california USA
 
Trading Experience: Intermediate
Platform: Custom
Favorite Futures: emini
 
Posts: 5 since Jan 2016
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New $100K Machine Learning Contest

"but $100K seems like pennies when you compare it to the profit-making potential of the winner"

Agree, and if you could write a model that predicts broad market trends, why would you submit it to them? For that matter, if you could write such a model, why haven't somebody done already?

I think the answer is that you actually can't predict the market, and they know that.
I bet they are thinking: we could probably recruit some really good talent.

I'm a member of Quantopian, and they have the same pitch...except no cash award. And you are stuck using their cruddy proprietary version of Python.

Winton, another Hedge Fund, ran a similar contest earlier this year on Kaggle. They were pretty clear that they were looking for people to recruit, and I think they actually did hire some.

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