Having just read the recent article in Wired, I'm curious: what is it about the Netflix Prize that's so challenging? I mean this in the sincerest way possible, I'm just curious about the difficulties posed by the contest. Are most recommendation engines in general this hard to improve? If so, why is that? Or, is Netflix unusually difficult to improve, and if this is the case, what's special about Netflix that makes this so much more challenging than, say, Amazon?
Netflix is canceling its second $1 million Netflix Prize to settle a legal challenge that it breached customer privacy as part of the first contest's race for a better movie-recommendation engine. Friday's announcement came five months after Netflix had announced a successor to its algorithm-improvement contest.
Cancelled sequel On March 12, 2010, Netflix announced that it would not pursue a second Prize competition that it had announced the previous August. The decision was in response to a lawsuit and Federal Trade Commission privacy concerns.
Up for grabs is a $4.56 million reward — which Netflix says is the largest cash prize in reality TV history. “The stakes are high, but in this game the worst fate is going home empty-handed,” the company said in a statement Tuesday.
The Netflix Prize: How a $1 Million Contest Changed Binge-Watching Forever. "We need to go win a million dollars." Lester Mackey was just a senior computer science major at Princeton when a friend burst into his dorm room in a hysterical fit of excitement.
Recommender systems suffer from problems that are hard to fix:
All together, this makes recommender systems hard to improve past just-okay. A system with 80% accuracy seems great but is wrong 1 out of 5 times. This makes them more trouble than they're worth for some users.
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