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Tim_Tyler comments on Lotteries: A Waste of Hope - Less Wrong

28 Post author: Eliezer_Yudkowsky 13 April 2007 05:36AM

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Comment author: Tim_Tyler 22 March 2008 09:53:15AM 4 points [-]

Re: Seriously, why can't we just say that buying lottery tickets is stupid?

Buying a lottery ticket is not stupid - under some conditions.

Say you have two cents, and can't afford your train fare home (which is one stop away). If you can gamble those two cents in a game of chance, you may be able to convert them into a whole train fare.

The conditions of being stuffed - unless you have a lot of money - may not be that uncommon: so many people may be inclined to gamble this way.