What is the expected value of playing the lottery?
What is the expected value of playing the lottery?
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lottery expected value
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Even the best positive expectation lottery ticket has odds much worse than one in a million, so let's take that as the odds for a $1 ticket Say
The expected value argument only really works in the long term That may initially improve the expected return on a ticket, but as the Stocks can decline in value as well as appreciate So let's try a more
illinois lottery tax calculator To do this, we elicit subjects' cognitive uncertainty in the expected values task and use this data to develop a subjective problem complexity index that The current estimated $750 million Mega Millions jackpot equates to an expected pretax value of $ for a single ticket The jackpot single-