Strange things...
happen when you are awake until seven in the morning. But I am came across these articles.
To summerize...
1. Get X amount of people together
2. Have people give Y dollars every week for X weeks
3. One person each week gets X*Y dollars
4. Rotate and repeat until everyone gets a "Payday"
These guys say it better since they more then likely got more sleep then me before they wrote their article.
http://jscms.jrn.columbia.edu/cns/2005-11-15/rabinovitch-moneypool
To summerize...
1. Get X amount of people together
2. Have people give Y dollars every week for X weeks
3. One person each week gets X*Y dollars
4. Rotate and repeat until everyone gets a "Payday"
These guys say it better since they more then likely got more sleep then me before they wrote their article.
http://jscms.jrn.columbia.edu/cns/2005-11-15/rabinovitch-moneypool