Wednesday, June 5, 2013
American Bank offers 1 Million Dollars to anyone who can solve this Mathematical Equation
A Texas banker is upping the ante to $1
million for whoever solves a tricky problem
that's been dogging mathematicians since the
The Providence, Rhode Island-based
American Mathematical Society (AMS) on
Tuesday said $1 million will be awarded for
the publication of a solution to the Beal
Conjecture number theory problem.
Dallas banker D. Andrew Beal first offered
the Beal Prize in 1997 for $5,000. Over the
years, the amount has grown.
AMS spokesman Michael Breen says a
solution is more difficult than the one for a
related problem – Fermat's Last Theorem –
which didn't have a published solution for
hundreds of years.
Mr Beal is a self-taught mathematician and
founder of the Beal Prize. He says he wants to
inspire young people to pursue math and
An AMS-appointed committee will award this
prize for either a proof of, or a
counterexample to, the Beal Conjecture,
published in a refereed and respected
The prize money is being held in trust by the
AMS until it is awarded.
Income from the prize fund is used to support
the annual Erdős Memorial Lecture and other
activities of the Society.
According to the AMS website, the $1million
prize will be awarded to anyone who can
solve and fulfill the following:
If Ax + By = Cz , where A, B, C, x, y and z are
positive integers and x, y and z are all
greater than 2, then A, B and C must have a
common prime factor.
The administration of the Beal Prize is
overseen by a Beal Prize Committee (BPC) to
be appointed by the President of the AMS.
The formal charge of the BPC and the
'Procedures for Determination of an Award of
the Beal Prize' are subject to the review and
approval by the Council of the AMS.
The Beal Prize Fund is held as a restricted
asset of the American Mathematical Society
(AMS), with US$1,000,000 to be awarded if,
in the judgment of the BPC, the conjecture is
proved or a counterexample is presented.
A proposed solution of the Beal Prize Problem
may not be submitted directly to the AMS, or
to the Beal Prize Committee, or to Mr Beal.
Unpublished manuscripts will not be
The BPC will consider a proposed solution if it
is a complete mathematical solution of the
Beal Prize Problem. Before consideration, a
proposed solution (the 'Work') must be
published in a refereed mathematics
publication which is respected and, in the
opinion of the BPC, maintains the highest
editorial standards (or published in another
form as the BPC decides may qualify).
In the case of a counterexample, the
proposed solution will be subject to
independent verification. Upon publication,
the author(s) of the Work should notify the
AMS and the BPC.
The Work must be widely accepted by the
mathematics community following a two-year
waiting period after publication.
In the case of a counterexample, that
recognition and acceptance by the community
may happen much sooner.
Following the waiting period, the BPC will
decide whether the Work merits detailed
If the Work is to receive detailed evaluation,
the BPC and the AMS will identify at least two
experts who can verify the correctness of the
Work and who are not members of the BPC to
assist in the evaluation.
Upon completion of the evaluation, if the BPC
can make a clear decision, it may award the
prize and determine attribution of credit for a