$1 million per year for life to pick correct Sweet 16

[NuttinItUp]

Warren Buffett is offering $1 million/year for the rest of your life if you correctly pick all Sweet 16 teams and work for Berkshire-Hathaway or any subsidiary.


http://www.foxsports.com/college-basketball/story/warren-buffett-ncaa-sweet-16-picks-022717
https://www.washingtonpost.com/news/early-lead/wp/2017/02/28/warren-buffetts-employees-can-win-1-million-a-year-for-life-in-march-madness/


Worth it to get a temporary job at the local Dairy Queen just to have a shot at filling out the bracket? 

[3kgthog]

Easy for him to offer it when you have better odds of being hit by lightning three times AND winning Powerball.

[NuttinItUp]

Easy for him to offer it when you have better odds of being hit by lightning three times AND winning Powerball.

Doubtful the odds are actually that bad, though.

Articles said that 14 out of 11.6 million brackets in ESPN's 2015 contest nailed all the Sweet 16 teams. That has got to be better odds than any of that stuff happening. (basically about 1 in a million)

The problem with the high odd forecasts like so many holes in one in a row or whatever is they project every possible combination as equally likely (like a 16 seed beating a 1) which most logical people know is not true.

[NuttinItUp]

Looks like he sweetened the pot some. A cool $1 million to pick all first round games correctly. (odds of doing so are around 1 in 3,500)

http://finance.yahoo.com/news/warren-buffett-still-runs-the-best-employee-march-madness-contest-175746792.html

https://fivethirtyeight.com/features/the-odds-youll-fill-out-a-perfect-bracket/

[onebadrubi]

He use to extend these type of things to the public, but appears now it's only to his employees.