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by dvse
5099 days ago
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Not surprising at all - kaggle (as currently implemented) is a fundamentally broken model. On top of the rather unpleasant "everybody pays auction" or "winner take all" system, they have a severe problem with metrics - the majority of the datasets are not anywhere near large enough to give stable out of sample error estimates, which means that in many cases the "winners" are barely better than random. Perhaps they might be onto something with "kaggle prospect", but unless they pivot in some creative new direction, it's hard to see the service being very useful. |
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We're actually using public competition as a way to find out who are some of the world's strongest data scientists. Once somebody has performed well in several public competitions, we start inviting them to private competitions where: 1. we invite 15 members; 2. prize money is generally much higher; and 3. everyone wins something (the higher the position the more one wins)
We're aiming to give many of the world's data scientists the opportunity to earn great full time incomes by competing in our competitions.