Thread
:
The lottery, The odds, and You
View Single Post
#
16
07-17-2005, 01:47 AM
MCS
Senior Member
Join Date: Sep 2002
Posts: 143
Re: The lottery, The odds, and You
[ QUOTE ]
A lottery has to be +CE (certainty equivalent) to justify playing.
[/ QUOTE ]
Bout time someone mentioned this. There's a difference in EV and EU.
(U = utility)
MCS
View Public Profile
Find all posts by MCS