42 min

Can Collective Intelligence Beat the Market? (with Numerai’s Richard Craib‪)‬ Azeem Azhar's Exponential View

    • Technology

Quantitative hedge funds, which rely on the work of employed mathematicians to develop complex trading strategies, are nothing new. But what if the mathematical work is outsourced to anyone, via a contest where the best predictions are rewarded with cryptocurrency? Richard Craib, founder of Numerai, explains to Azeem Azhar how his $70 million fund uses collective intelligence to perform well, despite the turmoil in the markets.

Quantitative hedge funds, which rely on the work of employed mathematicians to develop complex trading strategies, are nothing new. But what if the mathematical work is outsourced to anyone, via a contest where the best predictions are rewarded with cryptocurrency? Richard Craib, founder of Numerai, explains to Azeem Azhar how his $70 million fund uses collective intelligence to perform well, despite the turmoil in the markets.

42 min

More by Harvard Business Review

Harvard Business Review
Harvard Business Review
HBR Presents / Muriel Wilkins
TED Audio Collective / Youngme Moon, Mihir Desai, & Felix Oberholzer-Gee
HBR Presents / Brian Kenny
Harvard Business Review