Word: algorithms
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...number of seminars and the breadth of subject matter offered, some applicants will be rejected due to the small-scale sizing constraints of seminars. This semester, 502 students, or approximately one third of the applicant pool, were unassigned.The process of assigning students to seminars is based on an algorithm developed by Harvard Business School professor Alvin E. Roth and takes into account student preferences, seminar capacity, and faculty selection based on students’ essays and sometimes interviews. It is also the same algorithm that Roth uses to find pairs of compatible kidney donors and recipients.A DIAMOND IN THE ROUGHWhile...
...selects entrants for its five bowl games using an algorithm that weighs two expert polls and six intricate computer rankings. Its mastermind, former Southeastern Conference commissioner Roy Kramer, had a simple mission when he unveiled the system in 1998: pinpoint a formula that would pit the nation's two top-ranked teams against each other in a winner-take-all contest. Since 1902, postseason bowl matchups had been based largely on historic rivalries and conference affiliations. Schools reaped financial windfalls, but the process failed to crown a definitive champion...
...site Pandora.com has the potential to remake the radio landscape, according to Pandora founder Tim Westergren who spoke at the Harvard Law School yesterday afternoon. Fans of the site range from your run- of-the-mill indie-loving college students to their Johnny Mathis-loving grandmas. Using a complex algorithm created by the Music Genome Project, a company Westergren helped found earlier, Pandora takes a listener’s favorite song or artist and recommends similar music based on a series of factors present in that song or artist’s catalogue. “[Pandora] replicates your best...
...favorite interface is Karaoke Party karaokeparty.com) where all the songs are free. (Granted, there are only 160 of them.) Since deep down, most karaoke addicts really want to be told how good they are, the site uses a Simon Cowellesque algorithm to score your performance. Co-founder Mats Fors says that after he and his partners managed complex websites for banks, building a karaoke site was easy. "We saw the opportunity for a good karaoke solution," he says...
...sold have grown smaller, as traders shy from committing too much of a position at one time, lest they pass up a better price later. As margin calls and redemptions from mutual and hedge funds drive trading particularly wild in the opening and closing minutes of most sessions, algorithm-based traders are rewriting programs to squeeze their moves into increasingly narrow bands of time. "It may be good, it may be bad, but I don't thank any of us can stop it," said Robert Almgren, co-founder of Quantitative Brokers...