The document discusses two important algorithms for web search - HITS and PageRank.
HITS (Hyperlink-Induced Topic Search) was developed by Jon Kleinberg to find authoritative pages on a topic by identifying hubs and authorities. Hubs are pages that point to many authorities on a topic, while authorities are pages that are pointed to by many hubs. The HITS algorithm calculates authority and hub scores through an iterative process until they converge.
PageRank, developed by Brin and Page at Google, ranks pages based on the premise that more important pages are likely to receive more links from other important pages. It defines importance or rank as a page's likelihood of being reached by a random surfing model