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Come on folks, let's get back down to it:
If you pick one door out of three and Monte opens one of the other ones ....
At 12:12 PM 09/29/2000, Abakah Nori (crm1nxa) wrote:
>To add my two cents:
>I gave up on lottery after my 3 credit class on Probability and Statistics!
>
>p.s.: Great site, Mr. Patridge!
>
>-----Original Message-----
>From: Baar, Bill [mailto:Bill.Baar2@MED.VA.GOV]
>Sent: Friday, September 29, 2000 11:34 AM
>To: SAS-L@LISTSERV.VT.EDU
>Subject: Re: In Celebration of a milestone!!!
>
>
>A few years ago there was a study on people who won million dollar plus
>lotteries twice. It's not as unusual as you would think. I play because I
>know someone somewhere wins every week... for certain.
>
>-----Original Message-----
>From: Jim Agnew [mailto:agnew@HSC.VCU.EDU]
>Sent: Friday, September 29, 2000 7:23 AM
>To: SAS-L@LISTSERV.UGA.EDU
>Subject: Re: In Celebration of a milestone!!!
>
>
>Well, in Virginia, I stand in line behind people in Seven-11's waiting
>patiently while they cought up 10, 50, 100 bucks for slight
>chanches... i really feel for 'em, i really do, but stupidity brings it's
>own punishment....
>
>They did a study on the Penna lottery winners, and w/o exception, all the
>winners were bankrupt when their money ended. now, i'd
>expect maybe 50%, but *ALL* of them????
>
>ew.. that alone keeps me outta those lotteries..
>
>> "Mitchell, Brian [EESUS]" wrote:
>>
>> Actually there's a very good reason for non-rich people to play high
>stakes
>> lotteries even though "on average" they will lose. In economic terms, it
>> has to do with a non-linear utility function so that they are willing to
>give up
>> a small portion of their current income, an amount that has little effect
>on
>> their standard of living, for a miniscule chance of being catapulted to
>riches.
>> They may be poor but they're not stupid!
>>
>> -----Original Message-----
>> From: David L. Cassell [SMTP:Cassell.David@EPAMAIL.EPA.GOV]
>> Sent: Thursday, September 28, 2000 11:51 AM
>> To: SAS-L@LISTSERV.UGA.EDU
>> Subject: Re: In Celebration of a milestone!!!
>>
>> Jules Bosch wrote [in reply to Mark Dehaan]:
>> > Ah, yes, the statistical aspect of lotteries.
>> >
>> > I think rule #1 is that Lotteries are primarily for people who
>flunked
>> > statistics.
>>
>> I prefer:
>>
>> Lottery, n., a tax on the math-impaired.
>>
>> :-)
>> David
>> --
>> David Cassell, OAO Corp.
>Cassell.David@epa.gov
>> Senior computing specialist
>> mathematical statistician
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