Allen Tang's team wins data science competition

EECS Master's student Allen Tang (also alumnus, B.A. CS/Statistics/ORMS) and his Berkeley teammates have won the Data Open Championship at the New York Stock Exchange.  The winners receive a $100,000 cash prize and possible job interviews with Citadel, a Chicago-based hedge fund firm. The competition was comprised of 20 one-day competitions from Stanford to MIT to Oxford, with the best performers competing in the week-long finale.  The Berkeley team of four applied data science to a meaningful problem in education--the impact of opening charter schools--to find where more funding would have the biggest effect. They worked 16-hour days during the week and produced a 20-page report and presentation on how charter schools have a negative impact in the short-term but outperform public schools in the long-term because of a survivorship bias. Only good charters stay in the system while bad ones close.