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The obvious equivalent for the HN crowd: "Here is $50k. Now quit your job and start a start-up" Difficulty bonus -- startup idea is generated by a Markov chain and could be anything -- "Uber for dogs", "Taxidermied pets as drones" etc.
Lottery as a service
The obvious equivalent for the HN crowd: "Here is $50k. Now quit your job and start a start-up" Difficulty bonus -- startup idea is generated by a Markov chain and could be anything -- "Uber for dogs", "Taxidermied pets as drones" etc.
1. The odds of succeeding at a startup are a lot better than 292 million to 1. 2. You get a paycheck, even if it's less than market rate. 3. It's fun and exciting to use someone else's money to try to come up with a new business type.
Earlier quoted context omitted.
Its not exactly the same but its pretty close when the chances are so low anyways. Playing 10,000 times in 1 drawing gives you the probability of winning the jackpot: 0.00003422297813=10000/292201338 Playing 10,000 times in 10,000 drawings gives you the probability of winning the jackpot: 0.00003422239258=1-((292201338-1)/292201338)^10000 The difference gets more significant if you play more. For 10 million plays its…
If you play quickdraw you could get the same numbers twice. I think with that caveat the odds should be the same.
This is a fascinating sentence: While the large jackpot prize may be tempting, it's extremely hard to have that one ticket in 292 million. I think my favorite part is that extremely hard isn't a very accurate description of how unlikely it is.
[0] A quick Google returns a number of sources, but I'm going to use this one: http://www.elvisnews.com/news.aspx/gamblers-give-up-on-elvis...
Buy a $2 ticket for entertainment, not "investment." Spend 10 minutes imagining what you'd do with $496M. It might be fun.