Interesting idea. I think it’s possible that a prize is the wrong thing for getting the best final result (but also possible that getting a half decent result is more important than a high variance attempt at optimising for the best result). My thinking is: To do what you’re suggesting to a high standard could take months of serious effort. The idea of someone really competent doing so just for the chance at some prize money doesn’t quite seem right to me… I think there could be people out there who in principle could do it excellently but who would want to know that they’d ‘got the job’ as it were before spending serious effort on it.
Interesting idea. I think it’s possible that a prize is the wrong thing for getting the best final result (but also possible that getting a half decent result is more important than a high variance attempt at optimising for the best result). My thinking is: To do what you’re suggesting to a high standard could take months of serious effort. The idea of someone really competent doing so just for the chance at some prize money doesn’t quite seem right to me… I think there could be people out there who in principle could do it excellently but who would want to know that they’d ‘got the job’ as it were before spending serious effort on it.