Expected value calculations are terrible unless applied to a situation of hundre... | Hacker News

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		refurb 81 days ago \| parent \| context \| favorite \| on: Musk Seeks Up to $134B Damages from OpenAI, Micros... Expected value calculations are terrible unless applied to a situation of hundreds or thousands of outcomes. Otherwise you be stupid NOT to buy a lottery ticket each week.

moralestapia 81 days ago [–]

The expected value of a lottery ticket is lower than its nominal value, for obvious reasons.

I agree with your point, though.

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