Some people choose to take 20 years of monthly payments from lottery winning rather than one lump sum. "Rationally" anyone who does that is a fool, and yet peo

Some people choose to take 20 years of monthly payments from lottery winning rather than one lump sum. "Rationally" anyone who does that is a fool, and yet people constantly do that. Perhaps there's value to variance minimization, aside from the non-linear utility function of money?