Math group increases reward for proving the Beal Conjecture

June 8, 2013 at 4:52 PM
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PROVIDENCE, R.I., June 8 (UPI) -- American Mathematical Society officials say raising the Beal Conjecture Prize to $1 million from $100,000 is meant to stimulate young mathematicians' interest.

The prize is named after D. Andrew "Andy" Beal, a Dallas banker and number theory enthusiast, who provided the money. The society, headquartered in Providence, R.I., announced the increase to $1 million Monday.

Beal's Conjecture is that the only solutions to the equation Ax + By = Cz, when A, B, C, are positive integers, and x, y, and z are positive integers greater than 2, are those in which A, B, and C have a common factor.

The conjecture implies Fermat's Last Theorem, which was proved in the 1990s, 300 years after Fermat said he had a proof and then died without revealing it.

The Beal Prize will be awarded for a proof of the conjecture or a counter-example that disproves it. Possible winners should not be submitted to Beal or to the society but should be published in a refereed journal.

The committee will wait two years before deciding whether a possible winner deserves the prize.

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