Hacker News new | ask | show | jobs
by albedoa 5428 days ago
It doesn't even need to be that desperate. I understand the math, and I play the lottery every once in a while for the same reason that perfectly rational people visit casinos: it's fun and carries a non-zero chance of a payoff that is more life-changing than the money I spend on it. Being stupid is not a requirement.

We spend our money on plenty of things that offer negative monetary returns in exchange for pleasure, comfort, and entertainment. Premium beer, in my case.

Besides, it's not constructive to consider only the straight monetary expectations of lotteries when discussing their socioeconomic implications. Poor people are generally not buying tickets because they think it's the mathematically correct move.