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magfrump comments on Winning the Unwinnable - Less Wrong
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The expected value is a function of the jackpot, so it varies relative to the price of the ticket which is constant.
.... yes.
The expected value is also influenced by the number of other tickets purchased. Neglecting that would give you the wrong expected value (see CronDAS's caveat).
Rereading the comment chain I see that I was misreading your post the first time through. Sorry!