I have always known this. I have always felt it. I have just never been able to explain it to anyone (or to myself) this easily what it means to buy that $1 ticket to the Mega-millions lottery. But this is a great article on risk, and I personally like the Russian Roulette exercise towards the bottom of the page (kinda similar to my now famous "what would you charge to live the rest of your life in Wuhan, China"). On Risk: The Universe of Discourse
Technorati Tags: lottery, risk, chances, megamillions, probability, interesting, arithmetic
Technorati Tags: lottery, risk, chances, megamillions, probability, interesting, arithmetic
1 comment:
I do buy Lottery tickets a lot some times I won too. Yes, there is a lot of risk involved in a lottery, but I think we must take our chances on that.
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