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Introduction

Daniel and I are proud to present the first Monday Math Madness here at blinkdagger!!! Two weeks ago, Sol hosted a great math contest over at wildaboutmath.com, and this week, it is our turn. We hope you find the problem to be interesting as well as challenging. The prize for this week will consist of a 10 dollar gift certificate to Amazon. Take a look at the problem statement below, and remember to read the rules as well! Also, it would be great if anyone who reads this can spread the word either through word of mouth or by mentioning it on their blog. Thanks!

The Contest Problem

Leprechaun's Pot O Gold
There are 1000 engineering-centric Leprechauns, all of whom are members of the prestigious group, Mensa. Each of the Leprechauns have an extremely high IQ (top 2% among the general population) and each Leprechaun is fully aware that all the other Leprechauns are also members of Mensa.

One day, the Leprechauns receive news that there is an abnormally large pot of gold at the end of the rainbow near China. All of the Leprechauns rush to the end of the rainbow and arrive simultaneously. In this situation, according to Leprechaun Lore, the treasure is to be divided by the following manner:

Every day, the Leprechauns will vote to either
1) send the youngest Leprechaun back to Ireland, or
2) split the pot of gold up among the remaining Leprechauns.

If 50% or more of the Leprechauns vote to split the pot of gold, the treasure gets split among the remaining Leprechauns. Otherwise, the youngest Leprechaun is sent back to Ireland. Assume that each Leprechaun know the ages of all Leprechauns. The process is repeated until the gold is split.

The question is: When will the gold be split?

The Rules

  1. Email your answers to mondaymathmadness at gmail dot com.

  2. Only one entry per person

  3. Answer must be explained. You must show your work! We will be the final judge on whether an answer was properly explained or not.

  4. The deadline to submit answers is March 25th 2008, Tuesday 12:00 AM Pacific Standard Time

  5. The winner will be chosen randomly from all the submittals using a random number generator.

  6. The winner will be announced at 9:00 AM PST March 28th, 2008.

  7. The winner will receive a 10 dollar gift certificate to Amazon.com!

  8. Comments for this post should only be used to clarify the problem. Please do not discuss ANY potential solutions.