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Why the lottery is a tax on hope
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Why the lottery is a tax on hope
Expected value, and the number that stays negative no matter your ticket.
Sample discussion
Written for the demo, not posted by anyone. Real comments live in the app.
@lucky_lou3h
someone has to win though??
someone has to win though??
@algebrajonah3h
Someone does, it is just astronomically unlikely to be any specific someone. Both are true.
Someone does, it is just astronomically unlikely to be any specific someone. Both are true.
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Expected value of a lottery ticket is almost always negative. Fun is fine, just call it entertainment, not investing.