If you're winning, play it safe. If you're losing, take risks, even with poor EV. That's not just strategy, it's practically instinct. The popularity of lotter

If you're winning, play it safe. If you're losing, take risks, even with poor EV. That's not just strategy, it's practically instinct. The popularity of lotteries suggests to me that many people feel they're losing, and they're probably mostly right in some sense.