What’s the plan?

You have been invited to apply for a state grant under a new program. Only seven applications will be allowed, and three of the seven will win awards of up to $100 million for each of five years. If the winners were chosen by lot from among the eligible applicants, each would have a 43 percent chance of winning. That’s a rich pot and pretty good odds, it seems to me.


Subscribe to keep reading.

 Unlimited access, starting at $3.33/mo.
 See subscription options >


Already a subscriber?