The Lottery Paradox: A Terrible Bet
The expected value of a lottery ticket is almost always negative. People buy them anyway — and they're not being irrational in the way you might think.
psychologynumbersprobabilityculture
Tag: numbers
3 posts
← All Posts|accessibilityannouncementsartbusinesscardsclassroomcoin-flipcolorscreativityculturedecision-makingdesigndiceeducationeventsexperimentsfairnessfoodfunfundraisinggame-designgaminghistorylawlifestyleliteracylove-metermagic-8-ballmindfulnessmusicname-pickernaturenumbersparentingpasswordsprivacyprobabilityproductivitypsychologyqr-codequotesrandom-numberrandomnessrelationshipsremote-worksciencesecurityself-improvementspinning-wheelsportsstreamingteamstechnologytipstoolstutorialupdatesweb-developmentyes-no
The House Edge: Casinos and Randomness
Casino games are random on every spin or hand. But over thousands of plays, the math guarantees the house wins. Here's how that works.
probabilitynumbershistoryculture
Why We Think Seven Is Lucky
Seven shows up in slot machines, dice, religion, and psychology. The reasons have less to do with math than how our brains process the world.
psychologynumbersculturehistory