Thursday, July 24, 2008

Why play a losing game? Study uncovers why low-income people buy lottery tickets | Science Codex

"Some poor people see playing the lottery as their best opportunity for improving their financial situations, albeit wrongly so... The hope of getting out of poverty encourages people to continue to buy tickets, even though their chances of stumbling upon a life-changing windfall are nearly impossibly slim and buying lottery tickets in fact exacerbates the very poverty that purchasers are hoping to escape."

The article notes that feeling poor has a lot to do with lottery ticket purchases and that win-win solutions are available to break the vicious cycle of the government feasting on many of its poorest citizens.

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