Timeline for Positive expected value for lottery
Current License: CC BY-SA 4.0
12 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Aug 24 at 3:03 | history | bumped | CommunityBot | This question has answers that may be good or bad; the system has marked it active so that they can be reviewed. | |
| Apr 17 at 8:08 | history | bumped | CommunityBot | This question has answers that may be good or bad; the system has marked it active so that they can be reviewed. | |
| Dec 17, 2023 at 9:02 | history | bumped | CommunityBot | This question has answers that may be good or bad; the system has marked it active so that they can be reviewed. | |
| Dec 11, 2022 at 2:30 | answer | added | Joschmo | timeline score: 0 | |
| Aug 3, 2022 at 18:56 | comment | added | Rodrigo de Azevedo | This was an unfortunate migration. | |
| Aug 3, 2022 at 4:40 | history | migrated | from math.stackexchange.com (revisions) | ||
| Jul 22, 2022 at 16:31 | comment | added | Brian Tung | I second @paw88789's request. Since the primary contributor to the expected value, by a large margin, is the $4$-out-of-$5$ event, I wonder if the payout was supposed to be $100,\!000$ instead of $1,\!000,\!000$. | |
| Jul 22, 2022 at 12:10 | comment | added | paw88789 | Can you give a source for the details of this lottery? | |
| Jul 22, 2022 at 7:02 | answer | added | callculus42 | timeline score: 0 | |
| Jul 22, 2022 at 5:49 | comment | added | Mina Nessim | This is a real lottery, but i guess i understood the trick the million will be split between the winners, so i shouldn't have multiplied by 1 million, yet i don't know how to expect how many people will share this to be able to calculate the expected value | |
| Jul 22, 2022 at 5:35 | comment | added | Greg Martin | Real-life lotteries are always designed to have negative expected value for players. That's because the goal of running a lottery is to make money for those who run it. | |
| Jul 22, 2022 at 5:27 | history | asked | Mina Nessim | CC BY-SA 4.0 |