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Do you feel lucky today? (redux)
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[QUOTE="DaveE, post: 6818805, member: 644223"] BTW, as an aside. My lottery theory goes like this. It is clear that the odds are against me, so I won't buy lottery tickets. But, that guarantees that you can't win, and someone will win each time. So my plan is to buy 1 ticket someday, so my chance won't be zero. Maybe on a day I feel really lucky? Then I won't have exactly zero chance, just practically zero. The problem is that if I buy it tomorrow and lose then I'm done. So I'm delaying the resolution because I don't want to be disappointed. The odds of being disappointed are much greater than the odds of winning and I've raise the disappointment level even higher with my "one and done" strategy. After all, I could apply exactly the same reasoning to argue I should buy a second one; which is a bit of a paradox. So, my resolution is to say I should buy one, exactly one, someday; but never today. But then if I don't ever buy it I can't ever win. As y'all can see I kind of stuck here. PS: I think a good economist could figure out the cost people place on disappointment by analyzing lottery ticket sales vs. the potential payoff, since essentially everyone will be disappointed, and they know it (at least at some level). [/QUOTE]
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