Your Friend Plays the Lottery Every Day

question 7

Essay

Your friend plays the lottery every day. Since he has never won, he is convinced that the odds that he will win next time are even better. From a probability perspective, what is wrong with your friend's logic?

---

Definitions:

Cultural Assimilation

The process by which individuals or groups adopt the culture of another group, losing their original identity.

International Context

A perspective that considers the influence of global forces, cultures, market dynamics, and legal systems on businesses, policies, and strategies.

Third-Country Nationals

Employees who are working in a country other than their home country but are not citizens of the country where the employer's organization is located.

Parent-Country Nationals

Individuals who are citizens of the country where a multinational company has its headquarters.