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by queryly
3935 days ago
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It is tricky. The expected value is mathematics term people invented for easy calculation. It is different from the "value" in human perception. How much is a $1 lottery ticket worth? It is probably 40 cents depending on the probability. It's worth zero for all the people who lose and millions of dollar for the luck one. There is no "between" value which is what expected value represents. |
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