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Val comments on Rationality Quotes Thread March 2016 - Less Wrong Discussion

5 Post author: elharo 05 March 2016 06:44PM

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Comment author: Val 07 March 2016 03:58:03PM 3 points [-]

For a counter-example, see the story of almost every lottery winner ever, who was poor before winning the lottery, and ended up poor again soon enough.

Comment author: Brillyant 08 March 2016 08:10:50PM 1 point [-]

I know there are many cases of this, but is it as universally true as you say?

And apart from lottery winners, is there evidence that smaller windfalls are squandered in a high percentage of cases?