All applicants must first pass a preliminary test, which is to be followed by a formal test. So far, the prize has not been claimed, since no one has passed even the preliminary test.
For those of you not familiar with him, James Randi is a famous magician and self-described professional charlatan, uniquely trained in the art of deception and trickery. This talent, which he shares with other great magicians like Houdini and Penn & Teller, allows him to identify cases of deceit with more ease than the general public. In other words, he has an amazingly fine tuned bullshit detector.
Here he is exposing a few notably famous quacks:
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