Once a lottery like Mega Millions has a high enough jackpot so that the expected value of the ticket is higher than the cost, why does it still feel like it’s a bad investment to buy a ticket? 1.02K viewsJanuary 3, 2024 Question91.00K January 10, 2022 0 Comments Once a lottery like Mega Millions has a high enough jackpot so that the expected value of the ticket is higher than the cost, why does it still feel like it’s a bad investment to buy a ticket? In: 1 8 Answers ActiveNewestOldest Anonymous Posted January 10, 2022 0 Comments In that setting, so many people can justify buying tickets that there could be 2 winners. Getting half as much cuts the expected value in half. You are viewing 1 out of 8 answers, click here to view all answers. Register or Login
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