Carinthium comments on Lotteries: A Waste of Hope - Less Wrong
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Comments (68)
It seems to me that folks have all sort of utility functions that I do not. ...yet, we accept "entertainment" as a legitimate line item in a budget. If you enjoy going to the theater, but do not enjoy playing the lottery, what is the standard by which you can judge someone who has the reverse preferences as behaving stupidly ? If we look at the marginal cost of various entertainments (cable TV, buying hardcover books, etc.), playing the lottery isn't noticeably more expensive than any of the others.
Is there more to the attack on the lottery than mere classism?
More here.
Would somebody really buy a lottery ticket if they were 100% sure they were not going to win?
I have paid to play video games when I was 100% (minus epsilon) sure I wouldn't win any money, so...