We are pleased to be working with the University of Chicago on a free March Madness Pool. Carlton Chin devised the pool with a Financial Markets class -- that models each game as a financial marketplace. As a result, the pool is run "round-by-round." The pool is open to all and several organizations have contributed prizes. Note that entries are due a few days earlier than most pools to generate closing price information.
Opening pricing will be available for the first round on Monday morning. Closing prices will be a function of market participant entries -- and will be used to award points for correct picks. Pricing can be used as a proxy for the probability of a team advancing to the next round.
For more information -- and to get your first round entries in -- please visit the March Madness link at CARATcapital.com.