A woman in her 20s won the lottery and passed on $1 million for weekly payments of $1000 for life, causing much discussion on the internet. How can you mathematically evaluate such a choice? Pay attention, the same formula was used in the famous Bobby Bonilla sports contract.
0:00 intro
3:35 time value money
6:16 value $1000 weekly
10:11 lottery conclusion
11:42 Bobby Bonilla Day
https://www.facebook.com/realratedred/posts/a-20-year-old-lottery-winner-surprised-everyone-by-turning-down-a-1-million-lump/1237089611787105/https://www.reddit.com/r/theydidthemath/comments/1pjakjl/self_how_is_that_a_better_deal_and_why_would_the/https://www.reddit.com/r/interestingasfuck/comments/1pj9bst/20yearold_lottery_winner_turns_down_1m_cash_for/https://ca.news.yahoo.com/20-year-old-lottery-winner-decides-against-1m-lump-sum-opts-for-lifetime-weekly-annuity-in-hopes-of-buying-a-home-120026248.htmlhttps://www.ctvnews.ca/montreal/article/montreal-woman-wins-1000-a-week-for-life/https://en.wikipedia.org/wiki/Loto-Qu%C3%A9bechttps://www.mtlblog.com/montreal-lottery-winner-1000-for-lifehttps://loteries.lotoquebec.com/en/winners/stories?pagesGaleries=communiques-de-presse:5&histoireuuid=806ae605-d112-4801-8e69-5b2f1a60458b#maincontenthttps://assets.lotoquebec.com/ressources/assets/v3/assets/blt8296e79a7001648c/blt6561fe89ebf15b0b/6841ac48df13920afdf5ea82/gagnant-a-vie_rules_en.pdfhttps://www.bankofcanada.ca/rates/related/inflation-calculator/https://en.wikipedia.org/wiki/Annuityhttps://en.wikipedia.org/wiki/Time_value_of_moneyhttps://www.espn.com/mlb/story/_/id/16650867/why-mets-pay-bobby-bonilla-119-million-today-every-july-1-2035https://www.letsassemble.com/blog/the-bobby-bonilla-retirement-planhttps://dennisjgilbert.com/dennis-gilbert-contracts/Members get early access to videos
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