Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Video Updates.

ESPN’s Nate Silver went on Sportscenter this morning and revealed his favorites for the Final Four.
The prediction:
• Louisville (#4 seed, Midwest region)
• Florida (#1 seed, South region)
• Arizona (#1 seed, West region)
• Michigan State (#4 seed, East region)
These are the favorites in each region according to Silver’s statistical model.
So, will he win Warren Buffett’s Final Four Perfect Bracket billion dollar challenge or will you?

1. Why are Warren Buffett and QuickLoans so sure that they will not have a winner?
2. Even if no one wins, what will the people with the 20 most accurate brackets receive?
3. How many entries do they expect?
4. Does it help to know something about basketball? Explain.

Manfred, T. (2014). Nate Silver’s Final Four Prediction Is Out, And He Has Two Big Upsets. BusinessInsider, March 17 (Retrievable online at
Boren, C. (2014). Why you won’t win a billion dollars with Warren Buffett’s bracket challenge. The Washington Post, March 17 (Retrievable online at

Nate Bracket