Human beings are not wired to grasp the concept of probability. A chance of winning a lottery, sometimes 1 in 175 million, is not something that bothers us.
The Lottery ticket, selling in billions per year, remains a popular sport in the world, and is something whose appeal has increased during the recent recession.
TOPICS IN THIS IDEA
RELATED ARTICLES & IDEAS
Like the flip of a coin coming up with heads or tails, chance is what happens out there, and is an aspect of the physical universe. Luck, on the other hand, is a perceived value of...
People try to change the chance outcomes, and thereby their luck by using blind superstition or old ritual to affect the outcome, but there is no evidence of them working.
Luck can be increased with hard work, though what can happen out there is still anybody’s guess. The prepared mind that is able to act with speed and direction has more favourable chances than the one who is not paying attention.
Being lucky or unlucky often is our own perception and outlook towards life.
If we survive a car accident, we consider ourselves lucky to be alive or to be unlucky to be involved in the accident in the first place, ruining our vehicle.
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 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.
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.
Deepstash is better on the app. Discover new ideas and get inspired daily.