[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.

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.