Machine learning competitions are susceptible to intentional overfitting. Numerai proposes Numeraire, a new cryptographic token that can be used in a novel auction mechanism to make overfitting economically irrational. The auction mechanism leads to equilibrium bidding behavior that reveals rational data scientists¡¯ confi- dence in their models¡¯ ability to perform well on new data. The auction mechanism also yields natural arguments for the economic value of a Numeraire token.
FAQ
NMR Price Analysis
Live Price
The live price of NMR is 18.27 USD, representing an increase of +9.55% in the past 7 days and +8.31% increase in the past 24 hours.
Historical Trend
The all-time high of NMR was 168.48 USD on 06-25, 2017, from which the coin is now down -89.15%. The all-time low of NMR was 1.92 USD, from which the coin is now up 89.45%.
$ 1.92
Current Price
$ 168.48
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