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How precise should a training-contest leaderboard be?

research/contest-precision

Winner-take-all training contests scored on a noisy holdout: effort V a_n √m/s with a_2 = a_3 = 1/(2√π) exactly, a precision ceiling V/σ² ≤ λ_max(n) beyond which no pure equilibrium exists (below the zero-rent limit), and the resulting optimal holdout size.

11 tests

What it found

In a winner-take-all contest ranked on a noisy holdout of m samples, equilibrium effort is V·an√m/s with a2=a3=1/(2√π) exactly, but the formula stops being an equilibrium once V/σ² passes a ceiling (12.35, 7.78, 6.11, 5.60, 5.80 for n=2, 3, 5, 10, 20) that sits below the zero-rent limit and falls to half of it at n=20. The organiser's optimal holdout is min(mcap, (wVan/2sκ)²): when evaluation is cheap the ceiling, not cost, binds. Quadrature checked against Monte Carlo and brute-force best replies. Stylised.

A figure from its own output

Figure produced by research/contest-precision: precision_ceiling
contest-precision/experiments/precision_ceiling.svg, written by the project's own experiment code.

Paper, code and results

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Produced with AI assistance (Claude). Results are from the code in this repository and are simulated or stylised unless the abstract says otherwise; nothing here implies affiliation with or endorsement by any lab, researcher or company cited. MIT licensed.