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Aren't there situations where a lottery's prize makes a ticket puechasr plus ev? Hence the practice of some people forming big ticket purchasing collectives an
by darepublic 4y ago
Aren't there situations where a lottery's prize makes a ticket puechasr plus ev? Hence the practice of some people forming big ticket purchasing collectives and pulling profit from these situations. Probably a very uncommon circumstance and conditional to the design of the lotto
- reducesuffering 4y agoBut EV isn't everything, skew and volatility also determine price or value. No +EV is worth $1,000 ticket for a single 0.0000000000001% chance of a bajillion dollars.