Netflix Prize Update: New Team in First Place (deadline tomorrow)
netflixprize.com
netflixprize.com
I think the point is who gets the million dollars. It makes sense that people would group up, probably into as few additional participants as it would take to ensure winning. If you and I were in the vicinity of being able to win independently and we knew we would lose otherwise, I think we have every incentive to team up.
I can completely understand joining forces to win the prize. $1,000,000 isn't chump change, and a smaller percentage of it is better than none.
When the RMSE of a submitted prediction set on the quiz subset improves beyond the qualifying RMSE an electronic announcement will inform all registered Participants that they have thirty (30) days to submit additional candidate prediction sets to be considered for judging. At the end of this period, qualifying submissions will be judged (see Judging below) in order of the largest improvement over the qualifying RMSE on the test subset.
Take a simple example, with two movies (A and B), and two algorithms (X and Y). Say Alg. X rates movie A perfectly, but is off by 2 for movie B. Meanwhile, Alg. Y rates movie B perfectly, but is off by 2 for movie A.
The squared errors for the different algorithms will be:
Alg X: 4 (=0^2 + 2^2)
Alg Y: 4 (=2^2 + 0^2)
Mean of Alg X and Alg Y: 2 (=1^2 + 1^2)