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I know a fair bit about the probability of winning the lottery.
State-run lotteries are a tax on the mathematically challenged.
Given the odds of winning, then you might wonder why I occasionally buy scratch-off lottery tickets. Lord knows, my wife often wonders aloud about it. Believe it or not, there are three reasons that I buy these tickets:
- First, I’m from a rural town in the-middle-of-nowhere Pennsylvania. The rural poor are infamous consumers of lottery tickets. Consequently, I believe that buying lottery tickets is part of my genetic code.
- Second, it’s a guilty pleasure that is easier to indulge than buying PowerBall or Daily Number tickets. When you buy one of those, there is a human interaction, and I imagine that the clerk selling me the ticket is thinking, “Loser! Don’t you know how low your odds of winning are?” For the scratch-off tickets, you insert your money in a…
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