383
submitted 1 year ago by bady@lemmy.ml to c/asklemmy@lemmy.ml
you are viewing a single comment's thread
view the rest of the comments
[-] ch00f@lemmy.world 2 points 1 year ago

Lottery’s the expected value is always lower than the prize of a ticket.

I mean, of course it is? Zero-effort sources of income kind of have to have a net negative expected value. Or else nobody would have any reason to do anything.

Now you could definitely argue that the low-odds of winning aren’t made entirely clear to the customers, but I know a lot of people pay their $2 a week just for the high of fantasizing about what it would be like to win.

this post was submitted on 10 Aug 2023
383 points (98.2% liked)

Asklemmy

44145 readers
1242 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

  1. Open-ended question
  2. Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
  3. Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
  4. Not ad nauseam inducing: please make sure it is a question that would be new to most members
  5. An actual topic of discussion

Looking for support?

Looking for a community?

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago
MODERATORS