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Mathematician Gives Tips On How To Win $1 Billion On NCAA Basketball
Hugh Pickens DOT Com (2995471) writes "Jake Simpson reports at The Atlantic that Mathematician Tim Chartier, a Davidson College professor who specializes in ranking methods, teaches a math-heavy form of bracketology — the science of predicting the annual NCAA college basketball tournament at Davidson College in North Carolina. Chartier's academic research is in ranking methods where he looks at things like the page-ranking algorithms of Google. 'In 2009, my collaborator Amy Langville said: "You know what? ESPN has this huge online bracket tournament. Let's create brackets with our ranking methods, just to see if it's creating meaningful information."' Chartier's formula, an evolving code-based matrix that ranks each of the 68 tournament teams, has helped several Davidson students score in the 96th percentile (or higher) in ESPN's bracket challenge and this year, Chartier's goal is to help someone win the $1 billion prize offered by Warren Buffett to anyone who correctly predicts all 63 games of the men's tournament.
Chartier uses two methods. One is the Colley Method, named after astrophysicist Wesley Colley who developed a method used by the BCS for college football (PDF). His basketball method only counts wins and losses, not margin of victory. The other method is the Massey method created by sports statistician Kenneth Massey (PDF), which does integrate scores. Chartier has not been banned from any office pools — at least none that he knows of. But as a result of coming pretty darn close to filling out a perfect bracket just by crunching the numbers, brackets have become a labor of love. 'Now that the brackets are actually out, I've had students in and out of my office all week, sharing new ideas,' says Chartier. 'For me, that's more fun than filling out a bracket. They will all be filling out brackets, so it's like I'm doing parallel processing. I know what might work, but watching them figure out the odds, is a thrill.'"
Chartier uses two methods. One is the Colley Method, named after astrophysicist Wesley Colley who developed a method used by the BCS for college football (PDF). His basketball method only counts wins and losses, not margin of victory. The other method is the Massey method created by sports statistician Kenneth Massey (PDF), which does integrate scores. Chartier has not been banned from any office pools — at least none that he knows of. But as a result of coming pretty darn close to filling out a perfect bracket just by crunching the numbers, brackets have become a labor of love. 'Now that the brackets are actually out, I've had students in and out of my office all week, sharing new ideas,' says Chartier. 'For me, that's more fun than filling out a bracket. They will all be filling out brackets, so it's like I'm doing parallel processing. I know what might work, but watching them figure out the odds, is a thrill.'"
His predictive ability must not exceed Vegas's by any significant degree or we probably wouldn't be reading about it on slashdot.
Not everything can be reduced to numbers, factored and condensed down to a single answer or list of probabilites. I'm a methematician and I'm here to tell you that a lot of what is presented as "mathematical" modelling in the modern world is little short of numerology and data massage.
Eventually, if you go deeply enough into these kinds of models, you will forget that there is an actual game of basketball, being played by real human players. The instant that happens, you've become a numerologist and cargo-cult scientist. My opinion is that this is occuring in an increasingly large number of "clever geeks" now equipped with powerful computers and sophormic mathematics.
May the Maths Be with you!
This would be a great article to read 3 days ago
Start with $2 billion
Pick a team from each of the 63 games that you want to bet against. Offer two of their starting players a million dollars each to throw the game. Pocket the other $874 million.
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The statistical probability is so tiny to get the perfect bracket that even if someone got close to it predicting every game up to the final four, the media frenzy around the 'perfect bracket' might be so insane that the very existence of the almost-perfect bracket could effect the outcome of the game. The players, coaches, announcers, and reporters would know, going into the game, that this team is 'winning' in the pefect bracket. There's the potential it could effect the audience's cheering and the player's mentality: the best way to get someone competitive to play harder is to tell them they can't do it. The effect would be amplified for the final game where the score has to be picked as well.
For time paradox fun, even if you had a future results bracket and brought it back to present, its existence would alter the results.