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The loop
Government-run lotteries appeal to poor people. This causes them to spend a disproportionate amount of their income on lotteries, which contributes to them being poor, which keeps them buying tickets.
52
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Lotteries
The lottery is cheap permission to dream about the possibility of a better life. Most players know they won't win.
People without lots of money are more likely to participate in lotteries. On average, households that make less than $12,400 a year spend 5 % of their income on stat...
56
390 reads
Changing the lottery system
There is clearly a demand for playing the lottery. But low-income people spend more of their income on the lottery than other income groups.
- A solution would be to stop marketing and advertising lotteries that target the poor.
- States could promote and offer more games...
51
295 reads
More likely to buy tickets
In an experiment, low-income participants were more likely to purchase lottery tickets when they felt that their income was low compared to a perceived standard.
49
315 reads
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Changing the lottery system
There is clearly a demand for playing the lottery. But low-income people spend more of their income on the lottery than other income groups.
- A solution would be to stop marketing and advertising lotteries that target the poor.
- States could promote and offer more games...
Lotteries
The lottery is cheap permission to dream about the possibility of a better life. Most players know they won't win.
People without lots of money are more likely to participate in lotteries. On average, households that make less than $12,400 a year spend 5 % of their income on stat...
Myopic Thinking
Players, and shoppers in general, think myopically about the purchase being made.
If they spend $1 buying one ticket while waiting for their turn at the supermarket checkout counter, they may buy five or six tickets in a month. However, if they ‘bracket’ their purchase together and co...
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