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RE: Why Do People Play the Lottery?
People have a risk-reward calculation that's irrational. $1 or $10 is not that much to spend for that hope of a chance, however insane it seems. It's the same reason Randowhale worked well on here for awhile, despite being somewhat expensive; it gave people a chance for something more. The gamification and hope can be written off as entertainment.
its true, we just zoom in on the prospects of winning and lose sight of the larger odds that are against us and stack to quite a sum over time