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> The lottery is a tax on people with poor judgement skills Maybe it's just fun and exciting. Do people who bet in casinos or on sports have poor judgement ski
by mmooss 2y ago
> The lottery is a tax on people with poor judgement skills
Maybe it's just fun and exciting. Do people who bet in casinos or on sports have poor judgement skills or is it just exciting?
- vpribish 2y agoit's a tax on the hopes of the desperate and depressed. better than leaving it to the criminal underworld, though.
- deleted 2y ago[deleted]
- benlivengood 2y agoWho gets excited about negative expected value? Now, suppose the expected value of a $1 lottery ticket was about $0.97 so people could be indifferent between zero-interest savings accounts and lottery tickets, and maybe I could see that being exciting. But clearly the gambling industries are predicated on quite a lot of volume going to negative expected value purchases which sounds depressing rather than exciting.