Motivation:
If models with MMC>0 have Mean(CORR)=0.0318 and Mean(MMC)=0.015 and you demand models with high MMC, the multiplier of MMC should be at least twice the multiplier of CORR. That is to say:
Payout = w CORR + (2-w) MMC ; such that w<0.667
Why? Because improving CORR by +2d is easier than improving MMC by +d. This is in average terms, in marginal terms it can change a little bit.
Proposal:
1.- Start with this initial scheme:
Payout = w CORR + (2-w) MMC ; such that w=0.65
2.- Adjust “w” depending on the marginal improvement of the average CORR and MMC over time.
3.- In this way the payout scheme can be changed for every tour in order to give an incentive to the submission of high MMC models.