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Phil's Rambling Rants

July 1st, 2004

July 1st, 2004
02:06 pm

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Personality test meme
What the hell, I took the test, I guess I'll post the results.Collapse )

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TimeEvent
08:19 pm

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Lottery ticket
Today I did something I've never done before: I bought a lottery ticket.

The advertised jackpot for Illinois' multi-state lottery is $280 million. The odds of winning are long, but nowhere near 280 million:1. Of course, the actual payout of the lottery is a good deal less than the nominal payout, but with interest rates in the sewer, the lump sum payout is still a quite respectable amount of cash. Comfortably more dollars than the number of possible sets of numbers, so if you naively forget the possibility of splitting the winnings across multiple winners, the statistical expected value of the winnings is more than $1. But that's not why I bought the ticket.

I bought the ticket for two reasons. It's enough money that I imagine I could actually make a difference in the world, and winning the lottery is the only way I can see that I could ever have that kind of money. So if there is some destiny or higher power that wants me to accomplish what I could with that money (not that I believe in such), I need to buy the ticket to let it work. But really, the reason for buying the ticket is that it gives me an excuse to write this journal entry about what I would do with the money if I did win.

What I would do with $280 millionCollapse )

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