
Nov 15, 2018
The Economics of the Lottery Recently I bought a lottery ticket, costing $2, to put my hat in the ring in hopes of winning a lottery. Why did I do it? What is the economics of this bet? To begin with, I’m a believing — and struggling — Catholic. Perhaps the top atheist of all time is Richard Dawkins (The God Delusion). He has all the up-to-date...
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