Does anyone know if there is a correlation between a person's
willingness to buy lottery tickets, and his willingness to vote in large
elections (where the chances of any vote being pivotal is tiny)?
A simple explanation for both of these phenomena, where people choose
to do things with
I don't have an answer for you, but it seems important to point out that
not all lotteries have a negative expected payoff. Large, multi-state
jackpots are often a fair bet, even after taxes.
The best economic analyses I've seen are Charles T. Clotfelter and Philip
J. Cook, Selling Hope: State
On Tue, 31 Aug 2004, Dimitriy V. Masterov wrote:
I don't have an answer for you, but it seems important to point out that
not all lotteries have a negative expected payoff. Large, multi-state
jackpots are often a fair bet, even after taxes.
How does that come about?
Cheers,
M. Christopher
Dimitriy V. Masterov writes:
If my memory serves me, when no one has a winning ticket, the pot gets
rolled over to the next round. When you have several large states that run
a joint lottery, the sum can get really enormous when this happens, so
that the expected gain is positive even with a
I've been discussing with my undergradute students the rationality of voting.
People might get other benefits from voting besides thinking that their one
vote can influence the outcome. Some people feel a civic pride in voting.
Others vote to prevent others from telling them they don't have a
I've been discussing with my undergradute students the rationality of
voting.
People might get other benefits from voting besides thinking that their
one
vote can influence the outcome. Some people feel a civic pride in voting.
Others vote to prevent others from telling them they don't have a
In a message dated 8/31/04 8:36:29 PM, [EMAIL PROTECTED] writes:
A problem with many of these reasons is that they do partly rely on the
illusion that their vote does matter! Expressive voting is not a
completely separate issue. Why feel pride in participating in an irrational
system? Why not
