2 ms·
This is exactly why the lottery is called a tax on the poor. For one, it's hard to think about expected value when you can't pay your bills. Also people greatl
by mattmaroon 16y ago
This is exactly why the lottery is called a tax on the poor. For one, it's hard to think about expected value when you can't pay your bills.
Also people greatly overestimate their odds of winning big prizes like that. If the odds of winning the lottery were 1 in a million I'd be buying tickets by the truckload.
- ewjordan 16y agoFully in agreement here. And actually, I agree with the moral of what you've said almost elsewhere else on this thread; I meant this post to be a bit more tongue-in-cheek than I suspect it came across, I definitely should have made it more clear that I don't really think poor people should be heading to the casino every time they come up short when rent's due. :)