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No. A lottery ticket is a way to buy a fantasy: if you're a housekeeper who doesn't speak much English and already has two kids, you know you'll never be rich -
by byrneseyeview 18y ago
No. A lottery ticket is a way to buy a fantasy: if you're a housekeeper who doesn't speak much English and already has two kids, you know you'll never be rich -- but for $1, you can spend a couple hours thinking it's a possibility.
To take advantage of this, you might charge 1.1X with a 10% chance of getting 10X worth of similar goods. But that wouldn't be too exciting, either.