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> ...statistically it’s very clear the vast majority will lose everything... The same is true for state lotteries and other forms of gambling, but many people
by wayneftw 6y ago
> ...statistically it’s very clear the vast majority will lose everything...
The same is true for state lotteries and other forms of gambling, but many people continue to participate.
I think of it like buying useless items too. "The state of anticipating and desiring a product may be inherently more pleasurable than product ownership itself." [0] This is very similar to gambling where you are essentially paying for the opportunity to feel hope.
[0] https://www.theatlantic.com/health/archive/2013/01/study-wanting-things-makes-us-happier-than-having-them/267216/ https://www.theatlantic.com/health/archive/2013/01/study-wan...
- dgellow 6y agoRegarding lotteries, yes, with one difference, at least based on my personal experience: where I'm from state lotteries have to distribute all their gains to local charities, associations, sport clubs, etc. In fact they are the largest supporter of small associations. Because of this you don't have the risk of making the few people managing the lottery rich while everybody becomes poorer, it's more a way to gamble small amount of money and feel that you support local stuff. It's not for me but that doesn't sound too bad to be honest. I don't know about the US.