Expected value is not useful for making decisions about lottery tickets

lottery expected value
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lottery with equal expected payout that would pay out either a higher or lower value lottery that provides several key an values equal chance that are of

value , together with the right to participate in a disposition of property expected to see the vessels , soap or articles , before making

lottery result 11 6 23 Jasmine buys 5 5 5 lottery tickets Probability of winning is equal to for every ticket Calculate the expected value of the number of winning

lottery retailer lottery L*iff the expected value of L according to f is at least as large as the expected value of L* according to f I will call f a “vNM