Yes but as someone else mentioned, it's like an insurance policy. Buying insurance doesn't make you richer on average, it makes the insurance company richer. Bu

Yes but as someone else mentioned, it's like an insurance policy. Buying insurance doesn't make you richer on average, it makes the insurance company richer. But you aren't guaranteed the average outcome, so it's still rational to get the insurance, to cover the cases where you'd otherwise have a catastrophic loss. As with gambling, it's not just about expected value. You also have to consider risk of ruin.