In the light of the previous entry (and a certain confusion that maybe I was interested in the ethics of washing up)... Consider the National Lottery. Assume that the machines all function perfectly,and there is no fraud in the system:
[Poll #736634]
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[ I believe in non-linear utility functions ]
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I buy lottery tickets, erratically, and I do so, not because it's a good idea, but because were the one in a trillion (not a real number) to happen, the result would be so good. And because over the course of my life, the money I'd save by not playing is not significant.
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For the Lottery, that move is not to play, and it's the easiest thing in the world. Case closed.
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So far I am up on everybody I know, regarding the NL, except one; I have never bought a ticket and the person mentioned had one very sizable winnings.
Then again I have been party to a payout from the Awards For All part of the Lottery Fund. Well sort of, the TS received a grant to help pay for the Tolkien Weekend one year.
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In is not however fair because the winnings in no way resemble the odds you are playing against and the house takes a ludicrous cut.
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The National Lottery is fair, in the sense that everyone who plays has the same chance per pound of winning something (expected 50% return).
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dagonet
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dagonet