thevideoguy
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Source (technologyreview): https://www.technologyreview.com/s/614432/youtube-algorithm-gets-more-addictive/
Here's the full paper from Google: https://dl.acm.org/citation.cfm?id=3346997
How you can take advantage of this update:
There aren't too many ways in which this kind of update can be exploited.
The main thing you can do in preperation of this update is optimize your title and thumbnail for click through rate.
If you have a video that is ranking low in the sidebar of some popular videos, you can optimize for a higher CTR then your competitors relative to their sidebar ranking. When YouTube makes this update to their algorithm where they start weighing clicks based on ranking - your videos higher CTR with a low sidebar ranking will result in a sidebar rank increase meaning more targeted views (plus engagement and other signals) which can translate into higher search rankings for your target keywords and more recommendations.
Keep in mind, the users clicking your video need to actually interact with it in a way that positively influences the main ranking factors at least as much as viewers are doing so with your competitors videos. Essentially, to get value (in the forum of increased sidebar ranking) from a higher click through rate your video needs to be relevant to the audience and of the same or greater quality then your competitors videos that you are trying to outrank.
Anyways, this paper really isn't much but I thought your guys would find it interesting. We don't get too many serious papers that reveal info on how YouTube's recommendation system actually works, and this definitely provides some new (albeit minor) insights