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Old 01-02-2005, 05:14 PM
Hojglad Hojglad is offline
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Join Date: Apr 2005
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Default Re: Expectation Question

Assuming you could play the lottery indefinitely, it should not matter to you which you play. The outcome of both will be the same as the number of trials approaches infinity. This is most literally what expected value indicates.

Now, if you were forced to play the lottery in the short term with about 10,000 other people, and the only thing that mattered to you was whoring some money, you'd be better off playing the second one. You'd have a greater chance of winning.
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