Nobel Prize in Economics Pool    On Monday October 11th, the Swedes will announce    the winner of the 2010 Nobel Prize for Economics.    While I know that we're all working diligently toward     winning it soon - few of us may ever hope to every    win the honor.     However, we all do have a respectable chance of     winning the honor of choosing this year's Nobel    Prize winners.

How to Enter

Game Rules

Minimum Bid of \$5

Feel free to guess that No One Guesses Correct.

Payout

All collected bets are divided between the winners of the pool, less 10% for the coordinators.

If there is one winner of the Nobel Prize, the pool will be divided among all entrants who guessed correctly - each receiving a share in proportion to his-or-her share of the total correct bets.

If there are more than one winner of the Nobel Prize this year, then 1 / {the number of Nobel Winners the pool guessed} of the pool will be distributed consistent with the single Nobel Prize winner noted above.
~ To clarify, if participants guess one-or-more winner but not others -- the pool will be divided among those who guessed at least part of this year's winners. In this case, no part of the pool will go to people who guess "No One Guesses Correct"

If no one guesses any of this year's winners, then the pool will be divided among all entrants who choose correctly - each receiving a share in proportion to his-or-her share of the total correct bets.

Here’s A Simple Example

Let’s say Ernst Fehr the Winner of the 2009 Nobel Prize,

And let's say we had the following bets,

 Participants (11) Their Guess Their Bets Al Ernst Fehr \$20 Bob Barro \$10 Curtis William D. Nordhaus \$20 Dale Nacy Stokey \$40 Eugene Matthew J. Rabin \$ 8 Franky Jordi Gali \$17 Gail Mark L. Gertler \$20 Ida Martin L. Weitzman \$20 Justine Hal Varian \$20 Kelly John B. Taylor \$50 Louis Ernst Fehr \$100 total pool: \$   325

That means Al and Louis are our winners

Al (\$20) and Louis (\$100) take back their original bets

Here’s an how their winnings are disbursed:

 For Disbursement \$205 Al's Bet \$20 Al's Winnings \$34.17 Al Walks Away With \$54.17 Less 10% \$20 Louis' Bet \$100 Louis' Winnings \$170.83 Louis Walks Away With \$270.83