08-16-2022, 05:42 PM
Here's one to think about: The state lottery makes a mistake and prints 10 scratch-off lottery tickets. One of them has a $1,000,000 prize to it, the rest are losers. Hearing the news, you quickly run down to the local store and buy they only ticket they have for $1000. Too nervous to scratch it off, you stick it in your pocket and go to work.
During your shift, the state rushes out and manages to buy up 8 of the remaining tickets. Scratching them they confirm they're all losers.
Now, what's the chance your ticket is a winner?? If your neighbor somehow bought the other ticket, and wanted to trade, would your odds be better or worse by trading?
During your shift, the state rushes out and manages to buy up 8 of the remaining tickets. Scratching them they confirm they're all losers.
Now, what's the chance your ticket is a winner?? If your neighbor somehow bought the other ticket, and wanted to trade, would your odds be better or worse by trading?