Omid comments on How can I strategically write a complex bestseller? (4HS001) - Less Wrong

13 Post author: Neotenic 12 June 2013 08:47AM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (40)

You are viewing a single comment's thread. Show more comments above.

Comment author: Omid 12 June 2013 07:02:14PM 1 point [-]

It would depend on the variance of the lottery. But my first impression of the quote was that it was referring to high variance lotteries that offer the chance of becoming super rich, rather than low variance lotteries that can't make you rich but will usually return a portion of the money you spent.

At any rate, the survey found that about 1 in 10 authors earn enough money to live off writing alone. Those are tough odds, but nowhere near the 1 in 175,000,000 odds of winning the Powerball.