[SEQ RERUN] New Improved Lottery

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.

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