Re: Lottery at the +EV Point
1. The lottery is NOT 340m it IS 160.4m. They always tell you the annuitized value because it is a larger number. The cash payout today is the samller number.
2. Using todays payout it is +EV because there are 140m number combinations that could win.
3. Take the lump sum if you win. An annuity is an investment that will pay out the advertized amount over the next 25 years, including the principle. They do not put alot of effort into finding the best investments for you, so you should easily be able to invest it better yourself.
Feel free to tear my statements apart.
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