News for hackers. Stuff that matters.

A comment on Numerai – A hedge fund built by a global community of anonymous data scientists. Parent comment

Re:Numerai – A hedge fund built by a global community of ano... by Houshalter on Sunday October 16, 2016 @04:33PM (#12720779)
This won't work. As far as I can tell, you don't get to "pick stocks". You just submit predictions for unlabelled variables that could represent anything. It's no different than a standard kaggle competition.
[ Parent | on HN ]
Re:Numerai – A hedge fund built by a global community of ano... by gravypod on Sunday October 16, 2016 @07:10PM (#12721608)
Then could the operators not do this? Just claim that they sent it out to N people and they all suggested the stock. How would you prove they didn't.
[ Parent | on HN ]
Re:Numerai – A hedge fund built by a global community of ano... by Houshalter on Sunday October 16, 2016 @11:17PM (#12722484)
Well the hedge fund manager can invest in whatever stocks he wants already, so I don't see the point of this scheme.
[ Parent | on HN ]
Re:Numerai – A hedge fund built by a global community of ano... by gravypod on Monday October 17, 2016 @08:27AM (#12724399)
The manager could take bribes to invest in a few failing companies and cover his ass while doing so by saying "anonymous statisticians" told him to.
[ Parent | on HN ]