In the Numerai model, using artificial intelligence to synthesize competing data scientist models into a meta model raises efficiency and improves capital allocation by reducing overhead costs.
Source quote, verbatim
In the Numerai model, the use of artificial intelligence increases efficiency and optimum capital allocation by reducing overhead costs.
Kaal, Financial Technology and Hedge Funds (2019). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3409548
Holds when
crowdsourced data science model with a synthesized meta model
Classification
mechanismsupport: arguedai-and-agentseconomics
Related claims
extendskaal:claim:2959730-025 In the Numerai model, the use of artificial intelligence achieves efficiency and optimum capital allocation by...
extendskaal:claim:3002908-038 The Numerai model reduces overhead costs because there is no cost of human capital, and it eliminates barriers...
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