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I worked on the Netflix Challenge last year but did not come far and gave up after submitting a few mediocre results. Actually, I was proud of myself for my res
by quan 18y ago
I worked on the Netflix Challenge last year but did not come far and gave up after submitting a few mediocre results. Actually, I was proud of myself for my result did not explode but was within the range of the Cinematch's algorithm. The experience has given me a lot of respect for companies that are developing recommendation algorithms.
There should be more great competition like this. At this point, I'd say the benefits coming from all the research and development by the Netflix Challenge community as well as the experience obtained by many hobbyists like myself as the result of this competition has already exceeded the $1 million winning prize.
- randomwalker 18y agoI saw an informal study on the economics of prizes. Apparently, the monetary value of the effort that is put into solving the, the media publicity, etc. added together exceeds the value of the prize itself by anywhere between a factor of 10 and 50, depending on the prize.
- staunch 18y agoSounds like a very informal study.