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I was a HOPE recipient at Georgia Tech. I took a random signals class from Mark Clements which had its basis in probability and statistics. He brought up the
by planteen 8y ago
I was a HOPE recipient at Georgia Tech. I took a random signals class from Mark Clements which had its basis in probability and statistics. He brought up the regressive nature of the lottery and the ethics of it: the expected value of these games is negative and in the case of scratch games, so negative that you can't even easily assign a dollar value to how bad it is. The state markets these games even though they aren't in citizens best interests. The state has given itself a monopoly on these games, so there is no competition to the poor payouts. If you look at who plays lottery games in Georgia, it's mostly lower class people transferring their wealth to middle and upper class families.