Billion Dollar Prizes

The Victory Project will award billion-dollar prizes for the first person who solves any of these problems:

1. Develop a cure for breast cancer.
2. Develop a cure for diabetes.
3. Reduce greenhouse emissions from petroleum powered automobiles by 95% without increasing the cost of a normal car more than 5%.
4. Achieve 150 miles per gallon of gasoline in a 3,000 lb. car, using EPA standards; without increasing the cost of a normal car more than 10%.

See Frequently Asked Questions and rules governing these Awards.

Arnold Kling writes:

My first reaction is that I would rather see do-gooders using this sort of thing than trying to work the political system.

Read Tim Hartford's review of the promises and problems with prizes.