The Oxford Handbook of the Economics of Gambling

expected value of lottery ticket
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With the cost of a ticket at $ and an expected value of $, you can expect to lose $

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expected value of lottery ticket These articles then go on to explain that a ticket costs $2 and the odds of winning the jackpot are 1 in 292 million A simple (and I would

panjabdata lottery bumper 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