Monday, March 18, 2013

America starts filling out March Madness Brackets


Professor Michael Magazine is upending the logical world of math with a good dose of March Madness.
Magazine teaches a new class called Bracketology at University of Cincinnati, the home of the 10th-seeded Bearcats, where 33 business students are spending the semester trying to make sense out of what can feel nonsensical at times — the art of filling out an NCAA tournament bracket.
"The life lesson is that we make a lot of decisions that are the right decisions," Magazine says, "but the outcomes don't always come out the way we planned."
And that's why picking the NCAA tournament is so much fun.
Magazine says that, yes, he's among the millions of Americans who take part in the country's largest office pool — where all you need is a pen, a copy of the bracket and $10 or $20 to get in on the action.
Realbasketball knowledge? That's optional. Some people pick their favorite mascot, others go based on color, still others just throw darts at a board.
"I always tell people to ignore where they went to school," Magazine says. "But it's hard to do."
He teaches the course with a Cincinnati alum, Paul Bessire, who owns predictionmachine.com, a program that runs thousands of simulations to forecast likely winners of games. Armed with that, along with some mathematical models, Magazine and Bessire hold three sessions — handicapping, assembling brackets, filling out the brackets and seeing how everyone did.
Source: abcnews
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