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- When my friends hear me say that I’m buying a lottery ticket for a big draw I often get the comment, “but aren’t you a statistician?”. The implication is that only people who are ignorant of probability would play the lottery. I’ve also heard the belief that the lottery is a tax on poor people. I have a different view, that buying lottery tickets is perfectly rational for me.
Awesome article. Here are a few who used math to their advantage to win.
Mohan Srivastava - Winning the scratch lottery tickets http://www.wired.com/magazine/2011/01/ff_lottery/all/1
Group of MIT & Northwestern educated win millions during "rolldown week" http://socialbarrel.com/high-rolling-well-educated-gamblers-...