The loop - Deepstash
Mood Boosters: Put Yourself in a Happy Mood

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Mood Boosters: Put Yourself in a Happy Mood

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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

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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aubbrrey

Keep your friends close and your enemies closer!

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More like this

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

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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