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Funny pic of the day

  #451 (permalink)
 
rleplae's Avatar
 rleplae 
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ratfink View Post



[Courtesy FT.com]

129m€
pretty high jack-pot

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  #452 (permalink)
 
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 ratfink 
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rleplae View Post
129m€
pretty high jack-pot

That makes it alright then - at £2.50 an entry at today's exchange rate of 0.87 I only need to spend £174m to give myself a 50% chance of winning £112m





Have a good weekend, maybe one of them will, they're probably using our money to play anyway...

Cheers

Travel Well
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  #453 (permalink)
 
rleplae's Avatar
 rleplae 
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ratfink View Post
That makes it alright then - at £2.50 an entry at today's exchange rate of 0.87 I only need to spend £174m to give myself a 50% chance of winning £112m





Have a good weekend, maybe one of them will, they're probably using our money to play anyway...

Cheers

Your calculation is OK if no edge
If you have an edge, the calculation is off significantly..

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  #454 (permalink)
 Grantx 
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rleplae View Post
Your calculation is OK if no edge
If you have an edge, the calculation is off significantly..

Definition of lottery (Noun):
A tax on people who are bad at math.

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  #455 (permalink)
 
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 rleplae 
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Grantx View Post
Definition of lottery (Noun):
A tax on people who are bad at math.

Not sure..
everything is not about math

In the subprime they had the math, but the wheel went off

A black swan event, once in a while is worth a bet..
Even if mathematically it does not make sense

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  #456 (permalink)
 Grantx 
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rleplae View Post
Not sure..
everything is not about math

In the subprime they had the math, but the wheel went off

A black swan event, once in a while is worth a bet..
Even if mathematically it does not make sense

I think it just depends on whether you choose to accept what the facts tell you or whether you go with gut (and some rigorous praying). Those at subprime weren't looking or chose to ignore the maths. I don't know enough about it tbh.

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  #457 (permalink)
 
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 ratfink 
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Looks like my spinning ball telekinetic interference edge failed, so back to my random Dax trades. Bugger.

Catching black swans needs repeated attacks on an expected tail analysis failure basis, not random pot shots.

Somebody post something else funny soon please, I've derailed this thread enough, sorry.

Cheers

Travel Well
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  #458 (permalink)
 
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 rleplae 
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ratfink View Post



Looks like my spinning ball telekinetic interference edge failed, so back to my random Dax trades. Bugger.

Catching black swans needs repeated attacks on an expected tail analysis failure basis, not random pot shots.

Somebody post something else funny soon please, I've derailed this thread enough, sorry.

Cheers

Tell me about your DAX edge ?

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  #459 (permalink)
 
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 ratfink 
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rleplae View Post
Tell me about your DAX edge ?

+

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  #460 (permalink)
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Even if I won the Euromillions or that Florida lottery...

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