It’s an uncommon viewpoint, but one could, perhaps, justify the purchasing of lottery tickets as a “donation to charity” of sorts; the money goes to support the activities of the government that runs the lottery, which is (hopefully) going to use that money for good purposes. As a financial investment, though, lottery tickets are generally a bust; I suspect you’d do better playing slot machines at a Las Vegas casino. (There’s the complication of rollover jackpots, but they don’t have to matter here.)
Speaking of “wealth without effort”… I seem to find myself in the situation of having a strong aversion to the idea of working for a living, and although my current occupation of “mooching off my parents” satisfies my immediate needs, it is not a viable long-term career choice. This leaves me with two basic options.
1) Figure out a feasible strategy that will enable me to avoid needing to work for a living and is not less desirable than working for a living. (Going to graduate school counts as working for a living.) “Win the lottery” is an example of a strategy that fails the feasibility test; “become a prison inmate” would be an example that fails the desirability test. (I am as yet undecided about both the feasibility and desirability of marrying for money.)
2) Figure out a way to want to work for a living. “Become very afraid of the consequences of not working for a living” is one way I’ve considered accomplishing this, but deliberately inducing a fear of not working that’s stronger than my current aversion to work would be, well, unpleasant, scary, and would require experiencing something that actually is worse than working. As I currently regard working for a living as only marginally better than the proverbial fate worse than death, it would take an awful lot to scare me into working.
Any advice? Bear in mind that I am, in fact, a lazy bum with time-inconsistent preferences and little willpower who once deliberately skipped an exam in college to play video games—and doesn’t regret it.
Although I do agree with the arguments of the writer concerning the odds, it is an article clearly written from the viewpoint of someone who belongs to the (upper) middle class, probably academically trained and with a reasonable payed job or peers or family who are financially supportive.
The article lacks to identify the reasons (which ARE rational) of (mostly) lower class income people to play the lottery.
As an excercise in empathy for the writer I do put forward the following scenario’s:
Suppose you are stuck in a dead end boring job or no job scenario, living from health care, etc. Although most educated people believe this is a situation they will not encounter in their lifetime, this situation has increasingly become real for an increasing amount of people. One might blame the world economy for this or one might blame the players who have finally been dropped out or have chosen to drop out of the rat race.
May it be to poor education at a younger age, traumatic experiences, simply having the wrong education for the current playfield, being sacked at an older age, having no available finances to support further education, a lack of intelligence or simply spiraling down the road of depression due to a lack of chances or being stuck in a debt one can never recover of in a lifetime… these are all scenario’s in which the player on the Lotto actually rationally pays for the soothing dream of a better (financial) future. A future that will not happen if one would not win the lottery.
One might even say playing the Lotto is the same as religion. The one who plays is still a ‘believer’. The player plays for hope. Despite the odds being stacked mile high against winning the Jackpot, one believes he or she might win it. It’s the same as praying: by praying one hopes to find support in a supernatural being who might forsee in a better future of the believer.
Sure, the person might save some money not playing the Lotto, but these savings will not be able to seriously increase his or her chances for a better future. So, in fact seen from this view point the investment becomes rational: playing the Lotto becomes a very small investment for what might be a very large return on investment..
So what is rational? Playing a negative sum game like the lottery is as such from the above perspective not irrational. It’s even very rational if one accepts that money simply will afford at least a higher amount of choices one can make about his future. One could splash out on luxury if one wins the jackpot, one could simply enjoy the financial freedom of being able to choose each day what to do with their life or divide the money with friends or relatives who have drawn (by randomness) the short end of the financial straw.
The article also gives also the impression the writer condemns the personal situation or motivation of people who play the Lotto (being dumb assed, not knowing about their odds, etc.). This is what I would call ‘The American Dream’ fallacy: if one only studies or works hard enough, one would gain enough financial income one would not feel the need to play the lottery. Reality is very different.
My main point is: simoly stating playing the lottery is not rational because the odds are stacked mile high against the player, is short sighted. It oversees the rational reasons to identify why so many people with a low income play. Their rational reasoning to play the lottery might be justified.
these are all scenario’s in which the player on the Lotto actually rationally pays for the soothing dream of a better (financial) future. A future that will not happen if one would not win the lottery.
There are other ways for a low income person to strike it rich. More people may find it believable that they’ll strike it rich in the lottery than, say, write the next big novel, but that doesn’t mean that the lottery is their most realistic avenue to wealth.
Necroing because that seems an often expressed sentiment I oppose strongly to:
May it be to poor education at a younger age, traumatic experiences, simply having the wrong education for the current playfield, being sacked at an older age, having no available finances to support further education, a lack of intelligence or simply spiraling down the road of depression due to a lack of chances or being stuck in a debt one can never recover of in a lifetime… these are all scenario’s in which the player on the Lotto actually rationally pays for the soothing dream of a better (financial) future. A future that will not happen if one would not win the lottery.
Was that a fully general excuse for stupid behaviour on behalf of poor people, or are you just happy to meet me?
I wonder, would this be used for gambling only, or could it also cover drug abuse, alcoholism, crime?
Spare me the pity party. Reality doesn’t care about sob stories—it doesn’t matter how much in debt you are, how unfortunate your circumstances and how great your need—you are not going to win the lottery. Shielding people from this fact is not doing them any favours.
Edited: the first sentence was needlessly rude and confrontational, also spelling.
Currently I am working though, and hating it. It was stimulating and interesting for a few weeks, but after that I’ve hated it. I find it considerably better then death though! There is the time between shifts inf nothing else ;)
My general plan now is to work as little as possible without unduly mooching off of someone else (did that a while, doesn’t feel all that good in the end...). Currently I’m on an extended holiday (two months) and after that I’ll begin working only about half time…
My long-term plan though is to find something that I’d like to do anyway and make it support me: My dad is a photographer, and sort of did that: I’m not into that, but I’ll find something. probably academic, but right now I really don’t know.
Anyway. Good luck!
Edit: I don’t really feel this way anymore. I guess I grew up a little bit.
It’s an uncommon viewpoint, but one could, perhaps, justify the purchasing of lottery tickets as a “donation to charity” of sorts; the money goes to support the activities of the government that runs the lottery, which is (hopefully) going to use that money for good purposes. As a financial investment, though, lottery tickets are generally a bust; I suspect you’d do better playing slot machines at a Las Vegas casino. (There’s the complication of rollover jackpots, but they don’t have to matter here.)
Speaking of “wealth without effort”… I seem to find myself in the situation of having a strong aversion to the idea of working for a living, and although my current occupation of “mooching off my parents” satisfies my immediate needs, it is not a viable long-term career choice. This leaves me with two basic options.
1) Figure out a feasible strategy that will enable me to avoid needing to work for a living and is not less desirable than working for a living. (Going to graduate school counts as working for a living.) “Win the lottery” is an example of a strategy that fails the feasibility test; “become a prison inmate” would be an example that fails the desirability test. (I am as yet undecided about both the feasibility and desirability of marrying for money.)
2) Figure out a way to want to work for a living. “Become very afraid of the consequences of not working for a living” is one way I’ve considered accomplishing this, but deliberately inducing a fear of not working that’s stronger than my current aversion to work would be, well, unpleasant, scary, and would require experiencing something that actually is worse than working. As I currently regard working for a living as only marginally better than the proverbial fate worse than death, it would take an awful lot to scare me into working.
Any advice? Bear in mind that I am, in fact, a lazy bum with time-inconsistent preferences and little willpower who once deliberately skipped an exam in college to play video games—and doesn’t regret it.
Although I do agree with the arguments of the writer concerning the odds, it is an article clearly written from the viewpoint of someone who belongs to the (upper) middle class, probably academically trained and with a reasonable payed job or peers or family who are financially supportive.
The article lacks to identify the reasons (which ARE rational) of (mostly) lower class income people to play the lottery.
As an excercise in empathy for the writer I do put forward the following scenario’s:
Suppose you are stuck in a dead end boring job or no job scenario, living from health care, etc. Although most educated people believe this is a situation they will not encounter in their lifetime, this situation has increasingly become real for an increasing amount of people. One might blame the world economy for this or one might blame the players who have finally been dropped out or have chosen to drop out of the rat race.
May it be to poor education at a younger age, traumatic experiences, simply having the wrong education for the current playfield, being sacked at an older age, having no available finances to support further education, a lack of intelligence or simply spiraling down the road of depression due to a lack of chances or being stuck in a debt one can never recover of in a lifetime… these are all scenario’s in which the player on the Lotto actually rationally pays for the soothing dream of a better (financial) future. A future that will not happen if one would not win the lottery.
One might even say playing the Lotto is the same as religion. The one who plays is still a ‘believer’. The player plays for hope. Despite the odds being stacked mile high against winning the Jackpot, one believes he or she might win it. It’s the same as praying: by praying one hopes to find support in a supernatural being who might forsee in a better future of the believer.
Sure, the person might save some money not playing the Lotto, but these savings will not be able to seriously increase his or her chances for a better future. So, in fact seen from this view point the investment becomes rational: playing the Lotto becomes a very small investment for what might be a very large return on investment..
So what is rational? Playing a negative sum game like the lottery is as such from the above perspective not irrational. It’s even very rational if one accepts that money simply will afford at least a higher amount of choices one can make about his future. One could splash out on luxury if one wins the jackpot, one could simply enjoy the financial freedom of being able to choose each day what to do with their life or divide the money with friends or relatives who have drawn (by randomness) the short end of the financial straw.
The article also gives also the impression the writer condemns the personal situation or motivation of people who play the Lotto (being dumb assed, not knowing about their odds, etc.). This is what I would call ‘The American Dream’ fallacy: if one only studies or works hard enough, one would gain enough financial income one would not feel the need to play the lottery. Reality is very different.
My main point is: simoly stating playing the lottery is not rational because the odds are stacked mile high against the player, is short sighted. It oversees the rational reasons to identify why so many people with a low income play. Their rational reasoning to play the lottery might be justified.
There are other ways for a low income person to strike it rich. More people may find it believable that they’ll strike it rich in the lottery than, say, write the next big novel, but that doesn’t mean that the lottery is their most realistic avenue to wealth.
Necroing because that seems an often expressed sentiment I oppose strongly to:
Was that a fully general excuse for stupid behaviour on behalf of poor people, or are you just happy to meet me?
I wonder, would this be used for gambling only, or could it also cover drug abuse, alcoholism, crime?
Spare me the pity party. Reality doesn’t care about sob stories—it doesn’t matter how much in debt you are, how unfortunate your circumstances and how great your need—you are not going to win the lottery. Shielding people from this fact is not doing them any favours.
Edited: the first sentence was needlessly rude and confrontational, also spelling.
I understand you!
Currently I am working though, and hating it. It was stimulating and interesting for a few weeks, but after that I’ve hated it. I find it considerably better then death though! There is the time between shifts inf nothing else ;)
My general plan now is to work as little as possible without unduly mooching off of someone else (did that a while, doesn’t feel all that good in the end...). Currently I’m on an extended holiday (two months) and after that I’ll begin working only about half time…
My long-term plan though is to find something that I’d like to do anyway and make it support me: My dad is a photographer, and sort of did that: I’m not into that, but I’ll find something. probably academic, but right now I really don’t know.
Anyway. Good luck!
Edit: I don’t really feel this way anymore. I guess I grew up a little bit.
Have you considered working as a video-game tester :)
Don’t be silly, that’s a terrible job...