College graduates make over $1 million in their lifetime compared to high school graduates. > Anyway, I think ev isn't the right tool to model gambling behavio

College graduates make over $1 million in their lifetime compared to high school graduates. > Anyway, I think ev isn't the right tool to model gambling behavior; dollar utility isn't linear. You're right. The more money you have, the less utility it gives you, which makes gambling for a windfall an even worse decision. Worse still if you include taxes.