Thread: Lottery with free tickets to another lottery. Calculate EV?
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Old 06-12-2007, 08:31 AM
sixhigh sixhigh is offline
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Default Re: Lottery with free tickets to another lottery. Calculate EV?
1. Lottery B has an EV of 0. A has an EV of 400/550 + 1/5*(0) - 1 = -0.27

2. B: EV = 1. A = 1 + 1/5*(1) - 1 = 1/5.

Thus B > A in both cases.
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