Filtered dossier

expected value

  • 2 / 2
  • No visual on file
    Scarcity & Queues Entry #0470

    The reason a lottery ticket is bought for the days before the draw

    The expected value is terrible and the purchase is not irrational. What was bought is four days of permission to imagine, and it is delivered in full.

    Master
    The hidden part #0470

    The ticket is the receipt, not the good. Four days of licensed imagining are delivered in full before the draw resolves.

    Open file
  • No visual on file
    Reward Loops Entry #0605

    Why a reward you might get beats a reward you will get

    Offered a certain small prize or a coin-flip for a slightly larger one, people work harder for the flip. Uncertainty itself adds value the payout does not.

    Master
    The hidden part #0605

    Anticipation, not receipt, is what the reward system pays out most for. A resolved prize has already spent that pleasure.

    Open file