Re: Expectation Question
Well, you left out some information.
The expectation is only the same if you assume that the lotteries will each have the same number of contestants... what if the first lottery is very unpopular, because of the higher risk? Then the best play is definitely to buy a ticket for lottery A. (and what about the entry fees? again, they'd have to be the same.)
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wouldn't you prefer to play lottery B because you have a better chance of winning something?
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Simply a personal preference! Assuming equal numbers of lottery entrants and the same cost to enter, I'd play lottery A -- why not "go for the gold"? [img]/images/graemlins/smile.gif[/img]
-DB
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