Indeed, this is Von Neumann–Morgenstern rationality for anyone interested: http:... | Hacker News

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aes256 on Oct 20, 2012 | parent | context | favorite | on: I am a statistician and I buy lottery tickets

Indeed, this is Von Neumann–Morgenstern rationality for anyone interested: http://en.wikipedia.org/wiki/Von_Neumann%E2%80%93Morgenstern...

olalonde on Oct 20, 2012 [–]

Thanks for the reference. I didn't know there was a specific term for that.

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