"Some choice quotes from his Google+ post: 'The lottery is not a tax on people who are bad at math. It's trading a little bit of expected-value for a lot of var

"Some choice quotes from his Google+ post: 'The lottery is not a tax on people who are bad at math. It's trading a little bit of expected-value for a lot of variance.'" If you want high variance, wouldn't you then want to make high-risk investments in the stock market? I'm not very knowledgeable on the subject, but my understanding is that the expected value rises with increased variance on the stock market, rather than decreasing.