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Pastimes : Austrian Economics, a lens on everyday reality
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To: Wildstar who wrote (167)3/6/2003 7:33:48 AM
From: Don Lloyd  Read Replies (1) of 445
 
Wildstar,

OT?

Say that you could win $100M by correctly predicting the number drawn out of 000-999 of a thousand numbered balls in a barrel. It costs you $100 to play and the expected value is $100M X .001 or $100K, a 1000 to 1 return on the $100 cost. Do you play?

Regards, Don
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