Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
lottery result mumbai laxmi shankar parvati
#1

dear dudes am aswad can i get details on lottery result mumbai laxmi shankar parvati ..my friend abdul-razaaq declared like lottery result mumbai laxmi shankar parvati will be available here .... please help me...anyone reply below to get more on lottery result mumbai laxmi shankar parvati
Reply
#2
A lottery is a form of gambling which involves the drawing of lots for a prize. Lotteries are outlawed by some governments, while others endorse it to the extent of organizing a national or state lottery. It is common to find some degree of regulation of lottery by governments. Though lotteries were common in the United States and some other countries during the 19th century, by the beginning of the 20th century, most forms of gambling, including lotteries and sweepstakes, were illegal in the U.S. and most of Europe as well as many other countries. This remained so until well after World War II. In the 1960s casinos and lotteries began to re-appear throughout the world as a means for governments to raise revenue without raising taxes.

Lotteries come in many formats. For example, the prize can be a fixed amount of cash or goods. In this format there is risk to the organizer if insufficient tickets are sold. More commonly the prize fund will be a fixed percentage of the receipts. A popular form of this is the "50–50" draw where the organizers promise that the prize will be 50% of the revenue. Many recent lotteries allow purchasers to select the numbers on the lottery ticket, resulting in the possibility of multiple winners.

The purchase of lottery tickets cannot be accounted for by decision models based on expected value maximization. The reason is that lottery tickets cost more than the expected gain, as shown by lottery mathematics, so someone maximizing expected value should not buy lottery tickets. Yet, lottery purchases can be explained by decision models based on expected utility maximization, as the curvature of the utility function can be adjusted to capture risk-seeking behavior. More general models based on utility functions defined on things other than the lottery outcomes can also account for lottery purchase. In addition to the lottery prizes, the ticket may enable some purchasers to experience a thrill and to indulge in a fantasy of becoming wealthy. If the entertainment value (or other non-monetary value) obtained by playing is high enough for a given individual, then the purchase of a lottery ticket could represent a gain in overall utility. In such a case, the disutility of a monetary loss could be outweighed by the combined expected utility of monetary and non-monetary gain, thus making the purchase a rational decision for that individual.
Reply

Important Note..!

If you are not satisfied with above reply ,..Please

ASK HERE

So that we will collect data for you and will made reply to the request....OR try below "QUICK REPLY" box to add a reply to this page

[-]
Quick Reply
Message
Type your reply to this message here.

Image Verification
Please enter the text contained within the image into the text box below it. This process is used to prevent automated spam bots.
Image Verification
(case insensitive)

Possibly Related Threads...
Thread Author Replies Views Last Post
  Declared RBI assistant 2017 result/cutoff marks/merit list declared rbi assistant 2017 resultcutoff 2 151 10-04-2016, 10:02 AM
Last Post: jaseela123
  lottery result mumbai laxmi shankar parvati Guest 1 728 09-30-2016, 10:38 AM
Last Post: anusree
  nagaland lottery numerology Guest 1 172 09-29-2016, 11:17 AM
Last Post: jaseela123
  Download JRRSU UG/PG Admit Card/Result 2017 @ jrrsuraj.com download jrrsu ugpg admit cardresult 2017 2 152 09-29-2016, 06:08 AM
Last Post: jaseela123
  lpu distance education mba result of batch 2013 15 Guest 1 155 09-28-2016, 09:45 AM
Last Post: jaseela123
  uttarakhand board result class management 489 Guest 1 1,898 09-23-2016, 10:24 AM
Last Post: jaseela123
  KLUEEE 2017 - 2017 Application Form/Fees/Result / Counseling @kalasalingam.ac.in klueee 2017 2017 application 2 131 08-03-2016, 08:58 AM
Last Post: mkaasees
  lottery result govt hajj Guest 2 179 03-15-2016, 04:34 PM
Last Post: remshad
  gndu first third fifth semester results 2017-16 result.gndu.ac.in gndu first third fifth semester results 1 103 02-25-2016, 03:42 PM
Last Post: Guest
  mahatet TET Level-1,2 ans key 2017 mahatet expected cut off,result mahatet tet level12 ans key 2017 mahatet 1 108 02-25-2016, 03:39 PM
Last Post: Guest

Forum Jump:


Users browsing this thread: 1 Guest(s)