alt Hacker NewsCollege graduates make over $1 million in their lifetime compared to high school graduates.
> Anyway, I think ev isn't the right tool to model gambling behavior; dollar utility isn't linear.
You're right. The more money you have, the less utility it gives you, which makes gambling for a windfall an even worse decision. Worse still if you include taxes.
I always thought those numbers were dubious because you are mostly comparing people who are capable of getting a degree with those who aren’t.