Issue statement: Numerai, Cincubator, Quantopian et cetera aren't necessarily doing so well, so why put faith in the crowd?
Response: Crowd generation of alpha is probably sufficient reason to think a prediction web will work very well. It is not necessary, however. A prediction web is premised on the efficacy of market-like mechanisms to predict things that are not already the subject of market-based prediction.
There are more subtle reasons why a firm like Intech uses a microprediction "collider" as part of its investment process, but understanding those is not critical to the argument.
Issue statement: Numerai, Cincubator, Quantopian et cetera aren't necessarily doing so well, so why put faith in the crowd?
Response: Crowd generation of alpha is probably sufficient reason to think a prediction web will work very well. It is not necessary, however. A prediction web is premised on the efficacy of market-like mechanisms to predict things that are not already the subject of market-based prediction.
There are more subtle reasons why a firm like Intech uses a microprediction "collider" as part of its investment process, but understanding those is not critical to the argument.