wedrifid comments on Winning the Unwinnable - Less Wrong

4 Post author: JRMayne 21 January 2010 03:01AM

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Comment author: wedrifid 21 January 2010 07:22:57AM 0 points [-]

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).

Comment author: magfrump 21 January 2010 04:39:48PM 1 point [-]

Rereading the comment chain I see that I was misreading your post the first time through. Sorry!