Charity event...positive EV or negative?

[zuluking]

Local St. Jude "Dream Home" giveaway. 10,000 tickets at $100 apiece. House valued at $348,000.

Pretty cool that they raised $1M. Every ticket sold.

[flopdanutz]

it is negative EV. it might be positive utility of money since it sold out.

[daryn]

how could you possibly ask if it was positive or negative EV? especially when you know they raised more money than the house is worth??

[astroglide]

homes raise in value, and one has to quantify what it is worth to have a guaranteed roof over your head with no monthly payment