Thread: Expectation Question
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Old 12-26-2004, 04:23 AM
TvTrey TvTrey is offline
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Join Date: Nov 2004
Location: Minnesota
Posts: 14
Default Expectation Question
Consider two lotteries:

Lottery A pays 1000 oz. of gold to 1 winner.
Lottery B pays 10 oz. of gold to 100 winners.

Assuming this lotter repeats indefinitely, the expectation is the same (right?) but wouldn't you prefer to play lottery B because you have a better chance of winning something?
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