What’s the logic here? Expected value is the same in all cases right?
Yep, the expected value remains the same, it’s just a suggestion to encourage people make an entry that has a non-negligible chance of winning. As we say in the preceding sentence, there’s no minimum entry size, so if you want to enter with a very long shot, that’s entirely possible.
Can you share who the guarantor is this year?
As in previous years, the lottery is guaranteed by funds held at CEA on behalf of Carl Shulman.
Nice, excited to see the $2m block!
What’s the logic here? Expected value is the same in all cases right?
Can you share who the guarantor is this year?
Yep, the expected value remains the same, it’s just a suggestion to encourage people make an entry that has a non-negligible chance of winning. As we say in the preceding sentence, there’s no minimum entry size, so if you want to enter with a very long shot, that’s entirely possible.
As in previous years, the lottery is guaranteed by funds held at CEA on behalf of Carl Shulman.