Today's post, New Improved Lottery was originally publeslished on April 13, 2007. A summary (from the LW wiki):

If the opportunity to fantasize about winning was a rational justification for the lottery, we could design a "New Improved Lottery", where a single payment buys an epsilon chance of becoming a millionaire over the next five years. All your time could be spent thinking how you could become a millionaire at any moment.

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