stock's pitch on cash prizes

From: Spike (spike66@comcast.net)
Date: Fri Jul 18 2003 - 12:58:25 MDT

  • Next message: Rafal Smigrodzki: "RE: Ethical Investment Gone Wild"

    Perhaps many of you will recall the excellent
    pitch by Greg Stock at Extro4 regarding the
    effect of cash prizes on scientific research.
    I suggested at that time that we have an excellent
    test case with the collaborative online background
    computing effort, GIMPS. With GIMPS we have an
    hourly-updated measure of participation, so it
    is idea for testing Dr. Stock's theories. My
    notion at the time was that not only the amount
    of the prize but also the actual award structure
    that is of primary interest.

    This contention has been wonderfully verified
    by an observation I have made over the past
    few months: As a result of the Electronic
    Frontier Foundation's cash reward, the total
    computational thru-put of GIMPS has risen
    steadily, but ironically the productivity (output)
    has begun to actually decline. {8-[

    This paradox is a result of the structure of
    the prize. EFF offered $50k for the first
    million digit prime, $100k for the first 10 million
    digit prime, $150k for the first 1E8 and $200k
    for the first billion digit. EFF offered no
    explanation for the odd prize structure,
    but he who pays the piper calls the tune.

    The million digit $50k prize was claimed
    in June 1999. The GIMPS project progressed steadily
    to where it is now searching in the 6 million
    digit range, but currently more and more of the
    new accounts, signing on with the newer and
    faster computers, are jumping ship and searching
    up in the 10 million digit range. A 2GHz processor
    can complete a 1E7 search in a reasonable time
    (about a month) and a one-in-50,000 chance at
    $100k is worth a couple bucks in a sense, so
    why not collect the free lottery tickets?

    This strategy makes the probability of
    of finding a record prime on any given day
    actually decline, since fewer candidates can be
    checked (each one takes longer) and each candidate
    has a lower probability of being prime (approximately
    in proportion to the number of digits). Furthermore,
    if the prize is claimed before the rest of the GIMPS
    effort can catch up (extremely likely), it may be many
    years hence before the two Mersenne primes hiding in
    the 6 to 10 million digit range are discovered.
    Furthermore the EFF prize will surely create an
    even larger unsearched gap in the 10 million to
    100 million digit range, with few volunteers willing
    to search for the biggies that will not set any
    records, resulting in little fame or riches.

    So while the EFF prize may have provided financial
    motivation in some cases, it has kinda messed up
    this one area of research. One could say prime
    number research has been EFFed, in a way perhaps
    analogous to the way modern medical research is
    spending more resources trying to cure impotence
    and baldness than on life extension, for that is
    where the money is.

    spike

    PS does anyone here have Dr. Stock's email @?
    Please forward this note to him. s
      



    This archive was generated by hypermail 2.1.5 : Fri Jul 18 2003 - 15:10:21 MDT