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Duncan Stephen

Human-centred decisions

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Tag: Lotteries

Linknote — 26 October 2018 — 53 words

Economics — Society

Lottery math is human math

It’s irrational to buy a lottery ticket. And yet, millions do, even more when the prize is huge.

As economists will point out, people don’t buy a lottery ticket for an x% chance of winning millions. They buy a lottery ticket for to dream of winning millions.

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