Insight certainty 3/5 debate potential 3/5

Craib: Numerai outperforms pros similarly to Google Translate outperforming human linguists

Richard Craib · Richard Craib – Crowdsourcing Data Science for Returns at Numerai (Capital Allocators, EP.314) · May 11, 2023 · at 14:58

Richard Craib, founder and CEO of Numerai, explains how crowdsourcing abstract machine learning models compares to breakthroughs in natural language processing like Google Translate.

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“They just model the data, and that's what, what's happening at Numeri, and just like Google Translate, they can be a lot better than a professional Translator on certain languages, and Numeri can be better than a professional investor.”

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Insight
Craib: Uncorrelated mediocre models help Numerai more than correlated good models
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Richard Craib May 11, 2023 ▶ 30:28 Richard Craib – Crowdsourcing Data Science for Returns at Numerai (Capital Allocators, EP.314)
What-if
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Disclosure
Craib: Numerai does not build or know its models' underlying architectures
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Richard Craib May 11, 2023 ▶ 36:23 Richard Craib – Crowdsourcing Data Science for Returns at Numerai (Capital Allocators, EP.314)
Insight
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Richard Craib May 11, 2023 ▶ 8:22 Richard Craib – Crowdsourcing Data Science for Returns at Numerai (Capital Allocators, EP.314)
Assertion Not checkable as stated
Craib: Numerai contributors lack traditional quantitative finance backgrounds
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Richard Craib May 11, 2023 ▶ 14:26 Richard Craib – Crowdsourcing Data Science for Returns at Numerai (Capital Allocators, EP.314)
Assertion Supported
Craib: Numerai has paid contributors over $30 million, surpassing Kaggle payouts
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