QUANTIFYING LOTTERY CHOICE COMPLEXITY Benjamin Enke

Crunch these numbers and that lotto ticket has an expected value of about –$ You would get more value out of those two bucks if you traded

Calculate the expected value of the game to determine if it is worth purchasing a $1 lottery ticket for a chance to win the large jackpot prize Use a jackpot

lottery winner new york For a $3 powerplay ticket, we have an expected value per dollar of $ for the jackpot After combining with the non-jackpot prizes, we get

lottery attorney california The expected value of the game for a gambler is a small negative number like -$ For a particular game the gambler may win or the gambler