Reply To: Mega Millions

Home Forums Decaffeinated Coffee Mega Millions Reply To: Mega Millions

#865052
popa_bar_abba
Participant

I suppose the question I am asking, is whether we have “risk preference” towards the risk of winning a lottery.

I think we do. I’m just not sure how to quantify it. It doesn’t make much sense that dollars are worth more when you have a lot–we usually assume the opposite.