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Expectation Question

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12-26-2004, 04:23 AM

TvTrey

Junior Member

Join Date: Nov 2004

Location: Minnesota

Posts: 14

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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