ESPN and TopCoder Run College Football Algorithm Challenge
Mike writes with a timely link to a story about the ESPN/TopCoder Winning Formula Challenge, a combination of fantasy football and competitive programming. The goal is to write an algorithm to predict the outcome of college football games using a collection of historical data provided by the tournament organizers. The season is broken up into 3-4 week chunks that are used to evaluate the results. Prizes will total $100,000.
The "best" algorithm would be one that, over a large number of tests, performs best. That means, although it might NOT make any accurate predictions this season, or even the next, it WILL HAVE a good success rate in the long run. There's no reason to abandon a good algorithm just be cause it's in a downswing.
There, fixed it for you.