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US LIFE, ANNUITY AND INVESTMENT JOBS

View Poll Results: Will you join it?
Yes, eagerly! 4 20.00%
Yes, reluctantly 5 25.00%
No, but I'm worried they'll win and I'll be jealous 6 30.00%
No, definitively 5 25.00%
Voters: 20. You may not vote on this poll

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  #1  
Old 02-26-2007, 12:22 PM
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Default Lottery Pool!
Oh joy, some of your friends are starting a lottery pool. Will you join it?

(A lottery pool is when everyone contributes money to buy a bunch of lottery tickets, and any winnings are split equally amongst the participants)
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  #2  
Old 02-26-2007, 12:29 PM
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how much per week?
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Old 02-26-2007, 12:29 PM
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and what are the cost of the tickets?
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Old 02-26-2007, 12:32 PM
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Suppose $5 or $10 per week, 10 people in the pool. And you don't expect it to last long.
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Old 02-26-2007, 12:59 PM
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What's my utility function for money?
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Old 02-26-2007, 01:04 PM
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What's my utility function for money?
.
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Old 02-26-2007, 01:06 PM
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$5, short term, I'd do it for fun. (Expecting negative financial value.)

$10 would probably be too much.

At my last company, the head of accounting left the company after a non-work lottery pool he was in hit the jackpot. His share was something in the $25K - $30K per year for 20 years range. Not enough to retire on, but enough security for him to open the golf shop he'd always dreamed of.
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Old 02-26-2007, 01:07 PM
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Only if it's a one-time thing for a big jackpot...
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Old 02-26-2007, 01:08 PM
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Only if it's a one-time thing for a big jackpot...
ditto
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Old 02-26-2007, 07:37 PM
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Yes, I would.
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