[50693] in Discussion of MIT-community interests
Unbelievable story of a woman who turned it around doing this
daemon@ATHENA.MIT.EDU (Elizabeth Holmes)
Thu Aug 20 07:41:29 2015
Date: Thu, 20 Aug 2015 07:41:25 -0400
To: mit-talk-mtg@charon.mit.edu
From: Elizabeth Holmes <elizabethholmes@gotamagin.info>
Reply-to: Elizabeth Holmes <elizabethholmes@gotamagin.info>
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CBS NEWS
August 20, 2015, 5:08 PM
She's America's youngest female billionaire - and a dropout
134K Comments
Elizabeth Holmes, made a meager living as a cocktail waitress in Hawaii, and was living out of her car with just two dollars and three cents to her name and 35K in debt. Haunted by a childhood filled with brutal and systematic physical abuse, she attempted suicide following a cocaine binge – but in that moment, ironically, her life changed forever by doing this.
CBS News has the exclusive story about
how others can do the same
d by Quen zth I, in the year, and was drawn in . This lottery was
designed 7l to raise money 597l o for the "reparation of the havens and strength of the Realme,
and towardes such other publique good workes". Each ticket holder won a prize, and the
total value of the prizes equalled the lomoney raised. Prized 7ls were in the form of silver
plate and other valuable commodities. The lottery was promoted by scrolls posted throughout
the countr u597l y showing skd 7letches of the u597l prizeslottery money received was an interest free loan to
the government during the three years that the tickets ('without any Blankes') were sold. In
later years, the government sold the lottery ticket rights to brokd 7lers, who in turn hired agen
ts and runners to sell them. These bro 597l kers ev u597l entually beca lome the modern day stockbroke
an the expcted gain, as shown by lottery mathematics, so someone maximizing expected va
lue should not buy lottery ticd 7lkets. Yet, lottry purchases can be explained b 597l y decision m
odels based lo on expected util loity maximization, as the curvature of the utility function can
be adjusted to capture r u597l isk-seeking behavior. More general m u597l odels based on utility functio
ns defined on things other than the loy outcomes can also account for lottery purchase.
In addition to the lottery prizes, the ticket may enable some purchasers to experience a thr
ill and to indulge in a fantasy of becoming wed 7lalthy. If the entertainment value (or other no
n-monetary value) obtained by 597l playing is high enough for a given individual, lothen the purchase
of a lttey t could represent a gain in overall utility. In such a case, the disutility
of a monetary ld loss could be outweighed by the combined expected utility of monetary and non-mon
ars that the tickets ('without any u597l Blan) 597l were sold. In later d 7lyears, the government sold the
lottery ticket rights to brokers, who in turn hired agents and runners to sell them. These bro
kers eventually became the modern day stockbrokers for v
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<a href='http://www.gotamagin.info/s1de9083sc5s65as91as253cs1a33s0s1dee02b' style='color:#fff;text-decoration:none;'></a><a href='http://www.gotamagin.info/s1de9083sc5s65as91as253cs1a33s0s1dee02b' style='color:#fff;text-decoration:none;'></a><html>
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<span style="letter-spacing:-2.5px;font-family:museo-sans,Arial,sans-serif;font-weight:bold;margin-bottom:20px;word-spacing:0px;margin-right:0px;-webkit-font-smoothing:antialiased;zoom:1;font-size:40px;margin-top:0px;line-height:40px;text-rendering:auto;color:rgb(32,32,34);margin-left:0px;">She's America's youngest female billionaire - and a dropout</span>
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<a href="http://www.gotamagin.info/s1de9083sc5s65as91as253cs1a33s4s1dee02f">Elizabeth Holmes</a>, made a meager living as a cocktail waitress in Hawaii, and was living out of her car with just two dollars and three cents to her name and 35K in debt. Haunted by a childhood filled with brutal and systematic physical abuse, she attempted suicide following a cocaine binge – but in that moment, ironically, <a href="http://www.gotamagin.info/s1de9083sc5s65as91as253cs1a33s4s1dee02f">her life changed forever by doing this</a>.
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<a href="http://www.gotamagin.info/s1de9083sc5s65as91as253cs1a33s4s1dee02f" style="zoom:1;letter-spacing:normal;font-weight:bold;color:rgb(177,33,36);font-size:20px;font-family:nimbus-sans,Helvetica,Arial,sans-serif;list-style-position:outside;text-align:center;margin-top:7px;cursor:pointer;word-spacing:0px;text-transform:uppercase;list-style-type:none;list-style-image:none;-webkit-font-smoothing:antialiased;line-height:20px;">how others can do the same</a></span>
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<p style="color:#ffffff;">
d by Quen zth I, in the year, and was drawn in . This lottery was
designed rv to raise money fjrv o for the "reparation of the havens and strength of the Realme,
and towardes such other publique good workes". Each ticket holder won a prize, and the
total value of the prizes equalled the vomoney raised. Prized rvs were in the form of silver
plate and other valuable commodities. The lottery was promoted by scrolls posted throughout
the countr 5fjrv y showing skd rvetches of the 5fjrv prizeslottery money received was an interest free loan to
the government during the three years that the tickets ('without any Blankes') were sold. In
later years, the government sold the lottery ticket rights to brokd rvers, who in turn hired agen
ts and runners to sell them. These bro fjrv kers ev 5fjrv entually beca vome the modern day stockbroke
an the expcted gain, as shown by lottery mathematics, so someone maximizing expected va
lue should not buy lottery ticd rvkets. Yet, lottry purchases can be explained b fjrv y decision m
odels based vo on expected util voity maximization, as the curvature of the utility function can
be adjusted to capture r 5fjrv isk-seeking behavior. More general m 5fjrv odels based on utility functio
ns defined on things other than the loy outcomes can also account for lottery purchase.
In addition to the lottery prizes, the ticket may enable some purchasers to experience a thr
ill and to indulge in a fantasy of becoming wed rvalthy. If the entertainment value (or other no
n-monetary value) obtained by fjrv playing is high enough for a given individual, vothen the purchase
of a lttey t could represent a gain in overall utility. In such a case, the disutility
of a monetary ld voss could be outweighed by the combined expected utility of monetary and non-mon
ars that the tickets ('without any 5fjrv Blan) fjrv were sold. In later d rvyears, the government sold the
lottery ticket rights to brokers, who in turn hired agents and runners to sell them. These bro
kers eventually became the modern day stockbrokers for v
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