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#463 |
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"Kieren"
Jul 2011
In My Own Galaxy!
236568 Posts |
Around here we call it Voluntary Taxation. It is worth a few dollars now and then for the potential lightning strike of a big win.
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#464 | |
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If I May
"Chris Halsall"
Sep 2002
Barbados
2·67·73 Posts |
Quote:
Around here we call it a Tax on Those who are Bad at Math.... Edit: Not meaning to insult anyone who plays the lottery. For those who know "the house" always wins, it's fine to have a little thrill. "Two economists are walking down the road. One says to the other `Is that a hundred dollar bill just lying there?` `Of course not`, says the other economist, `or else someone would have already picked it up...`". Last fiddled with by chalsall on 2013-06-19 at 23:03 |
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#465 |
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"Kieren"
Jul 2011
In My Own Galaxy!
236568 Posts |
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#466 |
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"Jeff"
Feb 2012
St. Louis, Missouri, USA
13·89 Posts |
There are times, of course, when the math says you should buy a ticket. See also Pascal's wager.
My father would always say that the lottery is a tax on people who are bad at math, to which I would respond that there are three kinds of people in the world--those who are good at math and those who aren't. |
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#467 |
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If I May
"Chris Halsall"
Sep 2002
Barbados
2·67·73 Posts |
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#468 |
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"Jeff"
Feb 2012
St. Louis, Missouri, USA
115710 Posts |
the god of the amount of money to be won is more than the odds over cost of buying a ticket.
Pascal's wager was merely a flawed implementation of his good math on gambling. |
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#469 |
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"Gang aft agley"
Sep 2002
2·1,877 Posts |
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#470 |
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May 2004
New York City
10000100010112 Posts |
Didn't Pascal lose his wager?
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#471 |
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"Kieren"
Jul 2011
In My Own Galaxy!
2·3·1,693 Posts |
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#472 |
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"Jeff"
Feb 2012
St. Louis, Missouri, USA
13·89 Posts |
This will be moderatly less funny the next time Mike logs in.
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#473 |
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Apr 2010
Over the rainbow
A2E16 Posts |
Remind me, how many elephant ride the turtles, which support a world?
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