Thanks Laurie! I appreciate your time and for posting your helpful content
2026-07-23 13:58:17
1
Joe Adams :
Why would they use a lottery example for expected value? So here’s one. Someone spends $20/week on lottery tickets or puts $20/week in gold. What are the odds that the gold investor has more money at the end of 20 years? 🤓
2026-07-22 20:01:14
5
didyousoup :
Expected winnings is unknown since we don't know the entry price of each lottery. Ev of A is 10$ ev of B is 9$. But if A costs 15$ a play, and B costs 6$ a play then B is better.
2026-07-22 19:34:30
1
David Olsen :
as once an economitrician, "A" is obvious
2026-07-22 19:42:25
3
Billom1 :
I got it right! Thanks for doing this series.
2026-07-22 19:32:54
3
Ardavan Niroomand :
A
2026-07-22 19:35:14
1
Matt :
Answer, playing the lottery is a fool’s errand.
2026-07-23 04:32:26
0
b_welcome :
Lottery A.
2026-07-22 19:49:51
3
Charles Hannon :
A. But I’m not exactly sure what “value” means.
2026-07-23 08:05:57
0
dellasmith63 :
Love there questions
2026-07-23 00:59:40
0
Kenny Lane :
A
2026-07-23 13:03:31
0
Nan :
A
2026-07-23 02:01:51
0
Darrin Jackson :
A
2026-07-23 02:33:27
0
2late2 :
A
2026-07-22 21:45:29
0
George Young :
A
2026-07-23 15:37:04
0
Zeppy :
A
2026-07-23 00:57:04
0
Victor :
Lottery A pays $200 once in every 20 games for an expected value of $10. Lottery B pays $90,000 in 10,000 games for an expected value of $9. Lottery A has a higher expected value.
2026-07-22 20:47:42
4
rajmahi319 :
🙏
2026-07-23 03:06:32
0
Thomas John Woodward :
🥰🥰Thanks for your constituency effort @TheTradingLama
2026-07-23 10:08:12
0
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