Go Back > Fun Stuff > Lounge

View Poll Results: I'd spend...
$0.01 (one ticket) 1 9.09%
$0.01-$1 (1-100 tickets) 3 27.27%
$1-$10 (100-1000 tickets) 4 36.36%
$10-$100 (1000-10000 tickets) 2 18.18%
more than $100 (yeah, i have a gambling/math problem) 1 9.09%
Voters: 11. You may not vote on this poll

Thread Tools
Old 2010-05-05, 22:38   #1
Oddball's Avatar
May 2010

499 Posts
Default A rather difficult lottery

Suppose the U.S. Government was finally fed up with all that debt and tried a new way of getting rid of it: selling special lotto tickets. 15 numbers will be chosen out of 100, and the person who wins will become the richest, most famous, and most powerful person in the world. He/she gets a billion dollars a year and will have the power to do anything in the country for life, regardless of how crazy it is. Nuking country X, executing spammers, and turning the Grand Canyon into a landfill is all fair game. That person will also be given bodyguards and medical personnel to minimize chances of an early death. The government is willing to take this risk because the odds of anyone winning are slim even if the whole world's GDP was spent on it.

All revenue from the lotto will be used to pay off the debt, so there is only one grand prize and no secondary prizes. If you only get 14 out of 15 numbers right, too bad, you get nothing. If more than one person wins, a rock-paper-scissors tournament between the winners will be held to determine who gets to rule the country.

Lotto tickets for this drawing are incredibly cheap: only 1 cent each. Given that, how many tickets, if any, would you be willing to buy? Your chances of winning are infinitely small, but tickets are so cheap that buying some is a small price to pay for a daydream. After all, you'd hardly notice whether a buck was missing from your paycheck, and not many people would pick up a dirty penny lying on the street.

I think I'd spend $10 on those tickets. I've spent more on what turned out to be a dud movie, and the time spent checking those 1,000 tickets would be exciting as any roller coaster. Any other opinions?
Oddball is offline   Reply With Quote
Old 2010-05-06, 02:05   #2
retina's Avatar
"The unspeakable one"
Jun 2006
My evil lair

2·23·137 Posts

Each number sequence has 1 in 253,338,471,349,988,640 chance of winning.

I think I would spend $zero. Which is not an option you provided in the poll.
retina is online now   Reply With Quote
Old 2010-05-06, 02:18   #3
Mathew's Avatar
Nov 2009

2·52·7 Posts

Is this a strategy for removing pennies from circulation?

Also if Charlie and the Chocolate Factory has taught me anything, I should use that 1 dirty penny lying in the street.

Last fiddled with by Mathew on 2010-05-06 at 02:23
Mathew is offline   Reply With Quote

Thread Tools

Similar Threads
Thread Thread Starter Forum Replies Last Post
Lottery pick-3 odds? schickel Probability & Probabilistic Number Theory 36 2019-05-09 05:15
if I won the lottery ... davar55 Lounge 8 2014-12-22 17:07
Calculating a difficult sum CRGreathouse Math 3 2009-08-25 14:11
Difficult Differential Unregistered Homework Help 9 2008-10-01 21:24
Lottery suspicious TTn Soap Box 8 2005-10-27 09:55

All times are UTC. The time now is 20:38.

Mon Dec 6 20:38:18 UTC 2021 up 136 days, 15:07, 0 users, load averages: 1.95, 1.99, 1.94

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.

This forum has received and complied with 0 (zero) government requests for information.

Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1.2 or any later version published by the Free Software Foundation.
A copy of the license is included in the FAQ.