Y_Diner
Want me?
- Joined
- Oct 10, 2015
- Posts
- 469
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FYP.Wonder why I got a ticket....
Keep a pile and then divide the rest among the 1000s of former students I worked to convince that the lottery was a special tax for people who were particularly bad at math.
Ha.
I had a friend convince me that for most people it is a reasonable expenditure as entertainment. The promise of potentially changing your life was worth $2 for the daydreams it evokes.
Buying two tickets though, he points out doubles the expense and does not enhance the above value or improve your odds of winning in a statistically relevant way.
I can't though because in order to enjoy gambling you have to be able to suspend disbelief and, as you point out, maths.
I'd bring in 20 copies of the 50K number phone book and have them pick their number, and then calculate the statistical probability of winning. And then once they were impressed, let them know we'd need 19 more piles of 20 phone books to accurately represent the sample (20 million).
My lamer students would spar back with "someone's got to win... it might just be me!" Some folks just never could get the distinction between probability and possibility.
Yes. Just because a slim chance is marginally better than no chance doesn't imbue value to the slim chance.
Undoubtedly they went on to become insurance actuaries.