[SEQ RERUN] New Improved Lottery

by badger1 min read31st May 201117 comments


Personal Blog

Today's post, New Improved Lottery was originally publeslished on April 13, 2007. A summary (from the LW wiki):

If the opportunity to fantasize about winning was a rational justification for the lottery, we could design a "New Improved Lottery", where a single payment buys an epsilon chance of becoming a millionaire over the next five years. All your time could be spent thinking how you could become a millionaire at any moment.

Discuss the post here (rather than in the comments of the original post).

This post is part of a series rerunning Eliezer Yudkowsky's old posts so those interested can (re-)read and discuss them. The previous post was Lotteries: A Waste of Hope, and you can use the sequence_reruns tag or rss feed to follow the rest of the series.

Sequence reruns are a community-driven effort. You can participate by re-reading the sequence post, discussing it, posting the next day's sequence reruns post, summarizing forthcoming articles on the wiki, or creating exercises. Go here for more details, or to discuss the Sequence Reruns.