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On October 25 2018 07:12 JimmiC wrote:Show nested quote +On October 25 2018 06:29 DarkPlasmaBall wrote:On October 25 2018 04:19 Aveng3r wrote:
SCENARIO: today, you purchased a lottery ticket. A stranger offers you $100 for the ticket you just purchased. Do you sell or keep the ticket? Definitely sell, although I wouldn't have bought the ticket in the first place. The lottery is a voluntary tax on people who are bad at math. Depends when you buy it. If the odds are 1 in 303 million and prize is 1.6 bill which will net you a over 900 million after tax. It is technically a good, albeit crazy high risk investment.
Not compared to the stranger's offer, it isn't. Assuming those numbers are accurate, and assuming the ticket is free (if it isn't, that hurts the "keep the ticket" argument even more) the expected value is approximately $3 (900M payout * 1/303M chance) as opposed to an expected value of $100 ($100 * 1, since we're 100% guaranteed the money from the stranger).
If we're completely ignoring the stranger's offer, then it's mathematically a "good" bet (in terms of expected value) if the ticket costs less than $3. In practice, however, unless you're buying tens of millions of those tickets, you're essentially guaranteed to not win 
I suppose that most lottery players pay a couple bucks just for the What If dream, as opposed to seriously thinking they have a chance.
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On October 25 2018 09:46 JimmiC wrote:Show nested quote +On October 25 2018 09:13 DarkPlasmaBall wrote:On October 25 2018 07:12 JimmiC wrote:On October 25 2018 06:29 DarkPlasmaBall wrote:On October 25 2018 04:19 Aveng3r wrote:
SCENARIO: today, you purchased a lottery ticket. A stranger offers you $100 for the ticket you just purchased. Do you sell or keep the ticket? Definitely sell, although I wouldn't have bought the ticket in the first place. The lottery is a voluntary tax on people who are bad at math. Depends when you buy it. If the odds are 1 in 303 million and prize is 1.6 bill which will net you a over 900 million after tax. It is technically a good, albeit crazy high risk investment. Not compared to the stranger's offer, it isn't. Assuming those numbers are accurate, and assuming the ticket is free (if it isn't, that hurts the "keep the ticket" argument even more) the expected value is approximately $3 (900M payout * 1/303M chance) as opposed to an expected value of $100 ($100 * 1, since we're 100% guaranteed the money from the stranger). If we're completely ignoring the stranger's offer, then it's mathematically a "good" bet (in terms of expected value) if the ticket costs less than $3. In practice, however, unless you're buying tens of millions of those tickets, you're essentially guaranteed to not win I suppose that most lottery players pay a couple bucks just for the What If dream, as opposed to seriously thinking they have a chance. Oh yeah I said to take it early. I was referring to you calling it a voluntary tax on people not good at math. While that's true most of the time not when it gets high enough. Everything else were in lockstep.
Gotcha 
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United States44113 Posts
On October 25 2018 07:12 JimmiC wrote:Show nested quote +On October 25 2018 06:29 DarkPlasmaBall wrote:On October 25 2018 04:19 Aveng3r wrote:
SCENARIO: today, you purchased a lottery ticket. A stranger offers you $100 for the ticket you just purchased. Do you sell or keep the ticket? Definitely sell, although I wouldn't have bought the ticket in the first place. The lottery is a voluntary tax on people who are bad at math. Depends when you buy it. If the odds are 1 in 303 million and prize is 1.6 bill which will net you a over 900 million after tax. It is technically a good, albeit crazy high risk investment.
Assuming no splitting the prize.
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On October 25 2018 06:36 Sbrubbles wrote:
Don't sell. The guy would never offer you those 100 bucks unless he had inside information that it's a winning ticket.
No such stipulation! the hypothetical is just meant to show how people don't always act rationally.
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The real fun starts once one acknowledges that assuming that folks act rationally is itself oftentimes irrational
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How do you let the person know who goes pooping next (assuming an arbitrary amount of time passes between you and the next person) that you were the previous pooper?
I.e. prove that you were the the n-1th pooper for the n-th pooper.
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Spell your name with the poop.
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On October 28 2018 12:48 Uldridge wrote:
How do you let the person know who goes pooping next (assuming an arbitrary amount of time passes between you and the next person) that you were the previous pooper?
I.e. prove that you were the the n-1th pooper for the n-th pooper.
Write it on the first sheet of toilet paper after you're done. Won't work for girls.
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Won't work with men with proper hygiene either.
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You wipe off your penis after you pee. Thus the next one (even if male) to use the toiletpaper might not be the next pooper.
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This is a public toilet. Men don't go into the cubicles to pee. Moreover, men don't wipe their penis with toilet paper. At least, I have never seen anybody do that. Just shake it off and tuck it back into your trousers and all is good.
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At least, I have never seen anybody do that.
Can I ask what you did see?
Ohhh, you mean those who don't go in into the cubicles. But how can you be sure about those who do?
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On October 28 2018 22:20 Acrofales wrote:
This is a public toilet. Men don't go into the cubicles to pee. Moreover, men don't wipe their penis with toilet paper. At least, I have never seen anybody do that. Just shake it off and tuck it back into your trousers and all is good.
Wait until you get older and encounter the blessings of an enlarged prostate.
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So it's ok to just wipe using your pants?
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you need to fuck it while young to increase its stamina.
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EPT
