4 ms·
Even if a lottery has a negative monetary EV it may have a positive utility EV.
by LudwigNagasena 6y ago
Even if a lottery has a negative monetary EV it may have a positive utility EV.
- ghaff 6y agoIt's basically a transparency thing. Otherwise (well, probably in any case), you'll have people saying the lottery was rigged and the money went to relatives of the the officials running the lottery or something along those lines. [Oops: That was meant to be a reply to why state lottery recipients sometimes have to be public.]
- dylan604 6y agoYou're confusing the lottery with the McDonald's Monopoly game