Hope, Expectations, and Winning the Lottery
Most people know that the lottery is not a good investment plan. It’s not rational to invest large amounts of money in lottery tickets, because you’re almost certain to lose no matter how much cash you spend at the gas station or convenience store.
Buying a single lottery ticket or two, however, is actually quite rational. Most of us don’t play the lottery as an investment in anything other than dreaming. For a few minutes after you buy the ticket and before you scratch off the numbers, or maybe even for a few days if the winning numbers aren’t announced until later, you have the opportunity to walk around with a dream in your pocket. Read More