Crypto Jerônimo's Musings: On Blockchain, Smart Contracts And Cryptocurrencies

This is an episode on the super cool Machine-Learning-powered hedge fund, Numerai. Summary Numerai is a global equity long-short hedge fund, which specializes in relatively long time-range investments, on the scale of 6-9 months. They’re interested in more finely granular moves, that are at the level of individual stocks; they aim to identify anomalously-priced stocks, and thus exploit price discrepancies. One might argue that their essential task is to restore market efficiency. Collaboration in finance is largely uncommon and impractical due to the competitive edge that is characteristic to the kind of predictive modeling that is associated with the area. Numerai addresses this via running rounds of successive Machine Learning competitions for the purpose of crowdsourcing predictions,...