4 ms·
I don't play the lottery for expected value, I play it for variance. No other "investment" comes even close. So, spending $1 of investment on that buys a lot of
by jwatte 11y ago
I don't play the lottery for expected value, I play it for variance. No other "investment" comes even close. So, spending $1 of investment on that buys a lot of potential upside.
- frou_dh 11y agoWith you on that. Have never understood the incredulous stance some people take on the very concept of buying a lottery ticket ("tax on stupid" etc). Addiction and/or spending-money-one-doesn't-have are separate matters from the legitimacy of the game.
- barney54 11y agoIf I buy a ticket, it's not for the expected value, it's for the dream. A couple bucks isn't bad for an excuse to dream. (I also only play a couple times s year.)
- solipsism 11y agoIt's okay to be an irrational human, we all are! Let's not pretend it's anything but irrationality (from a financial point of view), though. Your buy-in being only a dollar doesn't make it less of a waste of money.