• AnonStoleMyPants
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    901 year ago

    Pretty sure the “father” knows exactly what the expected monetary value of those is. They just choose to value the excitement higher. Which is probably why a large portion of the players do it.

    • @kemsat@lemmy.world
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      71 year ago

      Yup, I don’t get a lottery ticket expecting to win, I get it to spend the night dreaming of what I could do if I win.

  • @EatYouWell@lemmy.world
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    631 year ago

    Also, you can get good grades and be a moron. My HS valedictorian was the dumbest person I have ever met. She could regurgitate information on a test, but didn’t understand a bit of it.

    Last I checked she was hocking some MLM bullshit on Facebook.

  • JJROKCZ
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    411 year ago

    He’s not dumb he’s just addicted to gambling. Plenty of smart people are

  • @PaupersSerenade@sh.itjust.works
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    411 year ago

    Wisdom vs Intelligence. There’s also something to be said about being knowledgeable in your field and thinking you’re knowledgeable in all fields

    • @smeg@feddit.uk
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      191 year ago

      Also IQ is not intelligence. I’m seeing more and more posts from people who talk about IQ like it’s their real-life INT stat. Is this just an American thing? Do people use the terms interchangeably or are you guys all doing IQ tests regularly and ranking yourselves by how good you are at puzzles?

    • BudgieMania
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      111 year ago

      There’s also something to be said about being knowledgeable in your field and thinking you’re knowledgeable in all fields

      Yup that right there is the core of this issue, happens to the best of us.

      Fortunately it doesn’t happen to me, I’m a CS expert but also a sociology expert so I know how to distinguish it

      • @PaupersSerenade@sh.itjust.works
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        91 year ago

        It’s late for me, so maybe I’m not getting your joke. I was implying that intelligence was used for the math degree and lack of wisdom in buying scratchers. I was also trying to reference an oft quoted DnD Stat meme;

        Strength is being able to crush a tomato

        Dexterity is being able to dodge a tomato

        Constitution is being able to eat a bad tomato

        Intelligence is knowing a tomato is a fruit

        Wisdom is knowing not to put a tomato in a fruit salad

        Charisma is being able to sell a tomato based fruit salad

  • @pftbest@sh.itjust.works
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    231 year ago

    There are good doctors who smoke cigarettes, there are people who are good at math and still play lottery, it’s the same. They know it’s not good for you, but can’t help it anyway.

  • Echo Dot
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    171 year ago

    Hang on. All we know is that the father is more intelligent than OP. And that he can’t understand the maths his farther teachers.

    Perhaps OP is just real dumb and his farther is a high school teacher.

      • @brewbellyblueberry@sopuli.xyz
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        11 year ago

        smart people can 100% be stupid too

        To expand on that, people can be smart in one aspect and really fucking dumb in others. Intelligence is a spectrum, it’s not binary like you’re either smart or dumb. Plenty of people who understand quantum level physics etc. who are socially and emotionally at the level of children and vice versa and so on.

  • @steventhedev@lemmy.world
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    61 year ago

    If the expected value is positive, then by all means you should play the lottery. Just bear in mind that the utility of money is nonlinear, so Kelly will overextend you - use something like max log-value and rederive.

    The only time this happens are either scratch off tickets that are horribly broken or rolling-jackpot lotteries where you can win what other people put in before you.

    • @archon@sh.itjust.works
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      41 year ago

      Just bear in mind that the utility of money is nonlinear, so Kelly will overextend you - use something like max log-value and rederive.

      I’m too stupid to piece together what this means, but I’m interested.

      Kelly is a betting stake formula? But deriative of max log-value will provide a better result?

      • @steventhedev@lemmy.world
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        11 year ago

        Kelly is the betting stake formula - just plug in the expected value and it will tell you how much of your money you should gamble to maximize your winnings over time. But it does that with more or less a 50-50 chance of you losing all your money. Because winning 10 dollars means a lot more to someone who makes minimum wage than a millionaire, you need to skew the formula to take that into account.

        The easiest way to do that is to use the log-value of money, and rederive the kelly criterion based on that value instead.

        From what I recall the math works out so that unless you have a substantial pile of money, the ideal number of lottery tickets is always between 0 and 1.

      • @steventhedev@lemmy.world
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        01 year ago

        Lotteries are generally regulated but corruption isn’t unheard of.

        But outside regulated state sponsored lotteries - it’s safe to assume it’s crooked in one way or another.