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jimrandomh comments on How much to spend on a high-variance option? - Less Wrong Discussion

9 Post author: RolfAndreassen 03 January 2013 06:38PM

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Comment author: jimrandomh 03 January 2013 08:35:25PM 26 points [-]

Careful; lotteries frequently use tricks to deceive you about their EV, such as taking some of the winnings back as taxes, and reporting the total payout of an annuity that has lower cash value.