Of course acting on beliefs is a decision theory matter. You don’t have terribly much to lose by buying a losing lottery ticket, but you have a very large amount to gain if it wins, so yes 1⁄132 chance of winning sounds well worth $20 or so.
Of course acting on beliefs is a decision theory matter. You don’t have terribly much to lose by buying a losing lottery ticket, but you have a very large amount to gain if it wins, so yes 1⁄132 chance of winning sounds well worth $20 or so.