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With the odds of winning at 1:292201338, the expected value of a single powerball ticket is still very much $0. You would need to buy hundreds of millions of t
by jwalton 4y ago
With the odds of winning at 1:292201338, the expected value of a single powerball ticket is still very much $0. You would need to buy hundreds of millions of tickets to see a positive expected value.
- SideQuark 4y agoThat's not how expected value works. The expected value is positive. You're confusing expected value with volatility.