Sandy: I play the Bigbucks lotteryβthat's the one where you pick five numbers and all the players who have picked the five numbers drawn at the end of the week share the money pot. βββ ββββ ββββ ββ ββββ ββββ βββββ βββββ ββββ ββββ β βββ βββββ ββββ ββ ββββββββ βββββββ βββ βββββ βββ βββββββββ ββββ ββββ ββββ βββββ ββ ββ βββββββ
βββββ βββ ββββββ ββββ ββββββ ββ βββ βββ βββββββ ββββ βββ βββββ βββ ββ ββββββ βββββββ ββββββ ββββ βββ ββββββ βββββ ββββββ βββ ββββββββ
Alex implicitly concludes that Sandy should not play the Bigbucks lottery when the pot is larger. He supports this by saying Sandy is more likely to win when the pot is small, since thatβs when the fewest people are playing.
Alexβs reasoning is mistaken because he doesnβt understand how the Bigbucks lottery works. To play, Sandy picks five numbers, and if they match the winning numbers, she shares the prize with anyone else who also picks correctly.
Alex thinks Sandy is more likely to win when fewer people play, but thatβs not true. Her chance of picking the correct five numbers doesn't depend on how many other people are playing. The number of other players may affect how many people sheβd have to split the pot with, but it doesnβt affect her individual chance of winning.
Which one of the following ββββ ββββββββββ βββββββββ β βββββββ ββ βββ βββββββββ ββ βββ ββ βββ βββ βββββββββ
Sandy holds that βββ βββββββ ββ ββββββββ βββββββ βββ ββββββββββ ββ βββ ββββββ ββ βββββ ββββ ββββββ ββββββ
Alex holds that βββ βββββββ ββ βββββββ βββββββ βββ ββββββββ ββ βββ ββββββ ββ βββββ ββββββ ββββββββ
Sandy holds that βββ βββββββ ββ ββββββββ βββββββ βββ ββββββββββ ββ βββ ββββ ββ βββ ββββ
Alex holds that βββ βββββββ ββ βββββββ βββββββ ββ β βββββ ββββ βββ ββββββββββ ββ βββββββ ββββββ βββ βββ βββ ββββ βββββββ
Sandy holds that βββ βββββββ ββ βββββ βββββ β ββββββ ββ ββ ββ ββ βββ βββ βββ βββ βββββββ βββ βββββ β ββββββ