Last August, the University of Chicago Magazine asked Allen Sanderson to create an NCAA-like tournament with four regions, brackets and seeded teams. But instead of a field comprised of basketball squads, this one - dubbed "Market Madness" - was to contain 16 competitive factors contributing to the global financial meltdown of the last two years. (Their only constraint was that The Chicago School of Economics had to be a competitor.)Read the whole thing here
To get started, each "team" got a name and a brief description as to why it was included in the tourney. Chicago Alumni and friends then participated in on-line voting in Autumn 2009 to select their personal or preferred outcomes for each of the match-ups, which moved from the "Sweet 16" to the "Elite 8," and then to the "Final Four" and the ultimate winner (that is, the person or thing most responsible for the financial crisis and recession).
With permission from the University of Chicago Magazine, the AEA was pleased to offer its members a chance to fill out their own brackets and submit their entries and pick an ultimate "champion." Below you will find the four named regions, the four competitors in each region, and a brief introduction to each team.
Voting is now closed, and here are the results! (click here for a larger version)
HT: Barry Barnitz