OrphanWilde comments on Always check your assertions... (Winning the Lottery) - Less Wrong

4 Post author: brilee 31 July 2012 10:32AM

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Comment author: OrphanWilde 31 July 2012 02:09:14PM *  0 points [-]

The people who lost money were those who bought tickets under normal circumstances; there were only certain points in time when the expected value of a bet exceeded the cost of a bet.

  • Retracted; Tristan's explanation is better