tag:blogger.com,1999:blog-20855139.post2843670608225527790..comments2009-03-06T11:33:51.697-08:00denise bennetthttp://www.blogger.com/profile/16962100363645476897noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-20855139.post-63201976598656165512009-03-06T11:33:00.000-08:002009-03-06T11:33:00.000-08:00It called conditional expected value, which is related to the conditional probabilities of the events of selling prior to buying the ticket (selling conditional on buying the ticket), buying the ticket and selling after buying the ticket. <BR/><BR/>Not at all difficult to come up with probabilities and value of the ticket that would make the selling price after the fact higher than before owning the ticket.Milton Rechthttp://www.blogger.com/profile/02488660316957122768noreply@blogger.com