How Is Mathematical Expectation Used?

Multiply the expected winning amount by the probability, and you get a figure that's bigger or smaller than the cost of buying this lottery ticket (the underlying asset).
If it's bigger, keep buying — buy in bulk. That's called risk-free arbitrage. If it's smaller, whoever buys is just throwing their money into the water.

好价雷达 · iMessage 里的 AI 比价助手
对它说一句「盯着 iPhone 降到 4000」,到价自动提醒;也支持查历史好价与凑单。苹果设备点 poke.com/r/iycmctg3F1E 一键安装。
Get the Creator Daily by email
Hand-picked opportunities, tools & insights for indie makers — free.
中文读者?订阅中文频道 →
iMessage 邮件 Contact us
中文