Earn cryptocurrency in weekly data science competitions.

Numeraire

whitepaper

Motivation

Cryptographic Tokens

Overview

Auction Mechanism

Example

Auction

Analysis of Staking

Machine learning competitions are susceptible to intentional overfitting. Numerai proposes Numeraire, a new cryptographic token that can be used in a novel auction mechanism to make overfitting economically irrational. The auction mechanism leads to equilibrium bidding behavior that reveals rational data scientists’ confidence in their models’ ability to perform well on new data. The auction mechanism also yields natural arguments for the economic value of a Numeraire token.

Numeraire: A Cryptographic Token for Coordinating Machine Intelligence and Preventing Overfitting

Numeraire Whitepaper