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Bunch of MIT students went around buying loads of tickets a few years back. They found some angle in the probabilities.

I bet their IQs are over 100.

There was this famous example, and they weren't a bunch of "MIT students"

https://www.battlecreekenquirer.com/story/news/2022/05/23/je...

Their angle was minimizing the chance of sharing the winning ticket when the jackpot for the lottery was large enough that the expected return from an unshared winning ticket was positive.

Of course this makes assumptions about how many people will join you in that analysis, but it was a pretty reasonable bet.

They definitely only did this because they figured out mathematical flaws in the game's design, so I'm not sure I would call this "playing" the lottery.

Sure, for the fun of it. Same as any other gambling.

Does anyone with an IQ above 100 talk about IQ?

Seriously, IQ is an incredibly irrelevant metric on whether/how you're educated and whether you make wise financial decisions.

> Physicist Stephen Hawking, When asked his IQ, he replied: "I have no idea. People who boast about their IQ are losers."

https://www.nytimes.com/2004/12/12/magazine/the-science-of-s...

IQ has very high correlation with income. Study after study found this after correcting for confounders.