Sunday, October 4, 2009

Iceland wins the IG-Nobel prize

Improbable research is research that makes people laugh and then think and it administer the Ig Nobel Prizes.
And this year ,2009 ,Iceland is the proud winner of the IG-Nobel ECONOMICS PRIZE .
The directors, executives, and auditors of four Icelandic banks — Kaupthing Bank, Landsbanki, Glitnir Bank, and Central Bank of Iceland — for demonstrating that tiny banks can be rapidly transformed into huge banks, and vice versa — and for demonstrating that similar things can be done to an entire national economy.

No Icelandic banker attended the ceremony.

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