Could you specify the drawbacks you see to a race? Does something else seem like it would work better? Does a dated prize (where the best entry is selected on a specific date) or a work contract seem like it would work significantly better? I'm Just Trying Things right now, and I'm not especially attached to this format.
Which are the especially hard questions? What is the primary source of difficulty?
Could you specify the drawbacks you see to a race?
Duplicated effort, some of which is presumably invisible.
EDIT: I am canceling this contest because I feel that the structure of the incentives were poorly thought out (see gwern's comments). I will be posting a new better structured contest in the near future (now posted). If you feel this is unfair or otherwise feel slighted, please contact me at my username at gmail.com.
I'm interested in making projects happen on Less Wrong. In order to find out what works and to inspire others to try things too, I'm sponsoring the following small project:
I hereby offer a prize to the first person to submit a good summary of the evidence on Spaced Repetition to the main page. The winner will get the prize, currently: $265 + 40 to charity (see comments)
The summary should address at least the following questions: