Re: is the EV for this game really infinity?
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ahhh i just got it after i posted it
the EV for the game is not the sum of the EVs, but it's just 1 of the EVs, hence the EV of the game is 1 since you only get 1 pay out
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No, your original calculation was technically correct. Read the linked wikipedia article for proposed explanations on why most rational people would not pay a lot of money for this lottery. For me, the most compelling was even if it was backed by Bill Gates' entire wealth, it wouldn't be worth more than $18 dollars.
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