Re:A visualisation of all of the money in the world
by xixi77 on Friday December 18, 2015 @12:30PM
(#10759619)
Well, not quite -- if odds of winning are in fact around 1 in 200MM or less, there is no market failure here.
Their point would still stand if they sold 100MM tickets though, so as not to confuse the two issues (ie. the notional amount and the expected value), perhaps it would have been a better example that way.
Their point would still stand if they sold 100MM tickets though, so as not to confuse the two issues (ie. the notional amount and the expected value), perhaps it would have been a better example that way.