Pages:
Author

Topic: Lotteries and possibility vs. probability - page 5. (Read 6269 times)

hero member
Activity: 1302
Merit: 503
Leading Crypto Sports Betting & Casino Platform
December 12, 2023, 08:28:09 AM
Of course, this will happen very easily and in gambling activities there are no such things as trivial things because even accidents can have bad influence, especially if trivial things make children see what their parents or adults are doing.
Most lottery gambling can be found more easily because it is mostly sold in betting shops which are located in almost every corner of the area where you live.
Maybe online gambling is also easier, but as it spreads, lottery is the only type of gambling that can be found anywhere without the need for technological assistance such as cellphones or PC.
And seeing parent or adult go to betting shop to write down numbers and bet on them can also create curiosity for child which makes it possible that one day they will follow what they want to know.

In the country where I live, this type of lottery betting has its own shop called "mining" this is the name for the house of someone who sells lottery tickets in general and they are free from legal entanglement because they have boss or bookie who pays taxes to the government.
In places like this here there are many teenagers who are almost adults who have started betting and their average age is 14 to 17 years.
It shame to see an incident like this.
That can arouse children's curiosity about what parents or adults who see them fiddling with numbers or what numbers will come out so they can decide to buy the numbers. Maybe many children who are now adults buy lottery tickets because they used to see often adults around them buying the lottery so that when they grow up, they want to experience the experience of playing lottery gambling. Supported by the condition of their environment, which provides a place to buy lottery tickets, they have finally tried to buy them until now. This is what allows children to buy lottery tickets easily. Even adults may need to learn that their children often buy lottery tickets. And when their children can win one of the prizes from this lottery, they will be proud to say that their child won the lottery prize.

Yes, that's correct. It could be different in other places because in my place there are things like that too and what's worse is that there are lots of young people the same age in your place queuing to buy lottery tickets. Those in line argued that their parents had told them to buy the lottery ticket and the seller already knew that he was the son of one of his customers. Sometimes, young people also buy one or two tickets to keep for themselves and hand over the other tickets to their parents.
Yes, this could happen because in the past they often saw adults or even their own parents and of course apart from that, the living environment was one of the main factors in the rise of cases of gambling addiction among children who had just reached adulthood.
But stopping them is not easy and requires awareness within themselves to be able to improve any activities that are not good for their growth or development.
This seems trivial because it just lottery gambling which is just fiddling with numbers to get good sequence of numbers to bet on, but in the long run it not very good.
In the future, perhaps they will go further and carry out various gambling activities that are more dominant, such as gambling addiction in online casinos which are full of various games and bets.

Well, I laughed at things like that and indeed I found something similar where they were children who bought lottery tickets and were asked why they were so young and dared to bet on the lottery and the answer was because their parents told them to.
It very ridiculous reason that cannot be accepted, I don't believe there are parents who deliberately get their children involved in betting.
And if there are parents who deliberately do this then I would say that they are parents who have no thought about their children development.
legendary
Activity: 2702
Merit: 1465
December 12, 2023, 08:13:50 AM
It is quite possible that when young children see their parents checking out the lottery and hoping that they should go this time and win, this delightful mood of expectation of something good is automatically transferred to the children.  And since this happens often, young children also rejoice in this mood of their parents.  And so, as children gradually grow up, they themselves begin to feel such good experiences when they become older.  And of course they also continue to buy lottery tickets. 
I think this happens in most families where at least one parent, father, mother or, for example, grandfather regularly buys lottery tickets.
The experience in childhood of seeing their parents check the lottery will make them try to buy the lottery when they are older and they will continue to try when they have not managed to win any prizes. It may be a trivial thing but it can provide experience about gambling to young children who follow what their parents do in buying the lottery. And when people buy lotteries, it may be a normal thing in some places, especially if more people buy lotteries too, so when there are grown-up children buying lotteries, that is no longer something new. However, those who frequently buy lottery tickets should be able to allocate a certain amount of money so as not to disrupt their finances.

I can relate to that story, since my father used to buy a lottery ticket in the way back home from school. He liked to explain me which were his favorite numbers, and how much was the price in things that I could understand, and dreaming about the dear life we would live if we were lucky.

In the present I play from time to time but I think that I'm not following the ritual as I don't have the need to do it every week, and I don't enjoy it as much as him. So seeing the parents play have an effect in the children, but that effect will be different according to different variables also.
Your own experience in this matter is interesting.  You say that you also buy lottery tickets, but you don’t do it as often as your father used to do. 
It seems to me that when a father picks up a child from school, buying a lottery ticket is like such a nice little gift for both the adult and the child too.  This is, in a sense, a positive ritual.  Because two people will hope to win at once.  And even if the lottery ticket is without a win, all this is forgotten quite quickly, and when you buy a new lottery ticket, the hope of winning appears again.  The result is such a small emotional swing that it generally diversifies the often boring and monotonous lives of many people.  Especially in those countries where people work a lot and generally live poorly.
legendary
Activity: 1932
Merit: 2354
The Alliance Of Bitcointalk Translators - ENG>SPA
December 03, 2023, 12:32:57 PM
It is quite possible that when young children see their parents checking out the lottery and hoping that they should go this time and win, this delightful mood of expectation of something good is automatically transferred to the children.  And since this happens often, young children also rejoice in this mood of their parents.  And so, as children gradually grow up, they themselves begin to feel such good experiences when they become older.  And of course they also continue to buy lottery tickets. 
I think this happens in most families where at least one parent, father, mother or, for example, grandfather regularly buys lottery tickets.
The experience in childhood of seeing their parents check the lottery will make them try to buy the lottery when they are older and they will continue to try when they have not managed to win any prizes. It may be a trivial thing but it can provide experience about gambling to young children who follow what their parents do in buying the lottery. And when people buy lotteries, it may be a normal thing in some places, especially if more people buy lotteries too, so when there are grown-up children buying lotteries, that is no longer something new. However, those who frequently buy lottery tickets should be able to allocate a certain amount of money so as not to disrupt their finances.

I can relate to that story, since my father used to buy a lottery ticket in the way back home from school. He liked to explain me which were his favorite numbers, and how much was the price in things that I could understand, and dreaming about the dear life we would live if we were lucky.

In the present I play from time to time but I think that I'm not following the ritual as I don't have the need to do it every week, and I don't enjoy it as much as him. So seeing the parents play have an effect in the children, but that effect will be different according to different variables also.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
November 29, 2023, 03:26:38 AM
Of course, this will happen very easily and in gambling activities there are no such things as trivial things because even accidents can have bad influence, especially if trivial things make children see what their parents or adults are doing.
Most lottery gambling can be found more easily because it is mostly sold in betting shops which are located in almost every corner of the area where you live.
Maybe online gambling is also easier, but as it spreads, lottery is the only type of gambling that can be found anywhere without the need for technological assistance such as cellphones or PC.
And seeing parent or adult go to betting shop to write down numbers and bet on them can also create curiosity for child which makes it possible that one day they will follow what they want to know.

In the country where I live, this type of lottery betting has its own shop called "mining" this is the name for the house of someone who sells lottery tickets in general and they are free from legal entanglement because they have boss or bookie who pays taxes to the government.
In places like this here there are many teenagers who are almost adults who have started betting and their average age is 14 to 17 years.
It shame to see an incident like this.
That can arouse children's curiosity about what parents or adults who see them fiddling with numbers or what numbers will come out so they can decide to buy the numbers. Maybe many children who are now adults buy lottery tickets because they used to see often adults around them buying the lottery so that when they grow up, they want to experience the experience of playing lottery gambling. Supported by the condition of their environment, which provides a place to buy lottery tickets, they have finally tried to buy them until now. This is what allows children to buy lottery tickets easily. Even adults may need to learn that their children often buy lottery tickets. And when their children can win one of the prizes from this lottery, they will be proud to say that their child won the lottery prize.

Yes, that's correct. It could be different in other places because in my place there are things like that too and what's worse is that there are lots of young people the same age in your place queuing to buy lottery tickets. Those in line argued that their parents had told them to buy the lottery ticket and the seller already knew that he was the son of one of his customers. Sometimes, young people also buy one or two tickets to keep for themselves and hand over the other tickets to their parents.
sr. member
Activity: 1204
Merit: 270
Hire Bitcointalk Camp. Manager @ r7promotions.com
November 29, 2023, 02:43:02 AM
There are some lottery ticket that can be very easy for us to make profits especially when we can buy more ticket to increase our changes of winning. It is not very easy for us to make profits or win from lottery because there are people also that are been betting on lottery and would do anything to just win the game. Those that understand how lottery works can easily increase there chances of winning which can be a good tool to keep winning. Luck is also required in lottery games if we really want to win effortlessly.
Buying more tickets isn't guarantee you are going to win, sometimes with just a ticket, you turn out lucky enough and win a good sum of money. But then some people do buy multiple ticket just to increase their chances of winning even when they understand it's not a guarantee they win.

Luck is a very key factor in winning a lottery ticket, just like gambling, it's place can't be overly emphasised as most times it's the factor that gets the owners of the ticket turn out winners. Understanding the dynamics of lottery sometimes get you to be at a better position to win even without getting multiple tickets but even with multiple tickets and no knowledge your chances may still remain slim.  Just like regular gambling you need to have an idea of what the games are before placing reasonable stakes that will turn out profitable for you.
It's true both winning the lottery and gambling involve luck. Currently many people play the lottery basically without any extra effort in a short period of time. If luck is not with the dream of becoming a millionaire or millionaire then many times its strategies are not useful. Many people think that the only way to increase the chances of winning any lottery is to buy more tickets the more tickets you buy, the more likely you are to win. I've seen it all and these tips are generally technically true but useless. Like gambling these lotteries involve the possibility of financial loss so it's best to research the sites to put yourself in a good position.
hero member
Activity: 2996
Merit: 609
November 28, 2023, 08:09:21 AM
By the way, here’s an interesting question: is the passion for playing the lottery transmitted from parents to children?  It is quite possible that raising children in a family accustoms them to the mindset that participating in the lottery is both a ritual and a pursuit of the dream of getting rich.  By the way, I think that in most cases, children, having become adults and starting an independent life, somehow begin to buy the lottery
if once upon a time their parents did this, especially if once upon a time someone close to them or their friends won  to the lottery.
It seems yes if the parents often buy the lottery and the children know about it. Since children have great curiosity, they will definitely try to find out by buying some lottery tickets secretly without their parents knowing. Children who have become adults started independent lives, and have an income will try to buy the lottery. At first, maybe because they wanted to reminisce about what they did when they were little, but gradually, they started buying the lottery more often because they already knew what prizes they could get if they could win. This could happen to children who often see their parents buying lottery tickets and will follow suit by buying lottery tickets when they are still small or when they are older.
It is quite possible that when young children see their parents checking out the lottery and hoping that they should go this time and win, this delightful mood of expectation of something good is automatically transferred to the children.  And since this happens often, young children also rejoice in this mood of their parents.  And so, as children gradually grow up, they themselves begin to feel such good experiences when they become older.  And of course they also continue to buy lottery tickets. 
I think this happens in most families where at least one parent, father, mother or, for example, grandfather regularly buys lottery tickets.
Totally depends but most likely they would really be having those impressions that they should really be buying lottery tickets just because they do able to see their parents or someone who are in family
but its not guaranteed considering that on the time comes that we are at our right mind then our children might or might not be that into lottery because they've been wary about the winning odds.
It is really that impossible that they wont really be making those kind of realizations about those chances but if everything turns out for the sake of luck and entertainment then so be it.
The important thing on here is that you shouldn't that make yourself that hopeful or really that too positive that you could able to hit the jackpot because it cant really happen so easily.
You would be needing all luck in the world before you do able to do so.
hero member
Activity: 1302
Merit: 503
Leading Crypto Sports Betting & Casino Platform
November 28, 2023, 07:56:29 AM
~snip~
The experience in childhood of seeing their parents check the lottery will make them try to buy the lottery when they are older and they will continue to try when they have not managed to win any prizes. It may be a trivial thing but it can provide experience about gambling to young children who follow what their parents do in buying the lottery. And when people buy lotteries, it may be a normal thing in some places, especially if more people buy lotteries too, so when there are grown-up children buying lotteries, that is no longer something new. However, those who frequently buy lottery tickets should be able to allocate a certain amount of money so as not to disrupt their finances.
Of course, this will happen very easily and in gambling activities there are no such things as trivial things because even accidents can have bad influence, especially if trivial things make children see what their parents or adults are doing.
Most lottery gambling can be found more easily because it is mostly sold in betting shops which are located in almost every corner of the area where you live.
Maybe online gambling is also easier, but as it spreads, lottery is the only type of gambling that can be found anywhere without the need for technological assistance such as cellphones or PC.
And seeing parent or adult go to betting shop to write down numbers and bet on them can also create curiosity for child which makes it possible that one day they will follow what they want to know.

In the country where I live, this type of lottery betting has its own shop called "mining" this is the name for the house of someone who sells lottery tickets in general and they are free from legal entanglement because they have boss or bookie who pays taxes to the government.
In places like this here there are many teenagers who are almost adults who have started betting and their average age is 14 to 17 years.
It shame to see an incident like this.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
November 28, 2023, 05:55:23 AM
It is quite possible that when young children see their parents checking out the lottery and hoping that they should go this time and win, this delightful mood of expectation of something good is automatically transferred to the children.  And since this happens often, young children also rejoice in this mood of their parents.  And so, as children gradually grow up, they themselves begin to feel such good experiences when they become older.  And of course they also continue to buy lottery tickets. 
I think this happens in most families where at least one parent, father, mother or, for example, grandfather regularly buys lottery tickets.
The experience in childhood of seeing their parents check the lottery will make them try to buy the lottery when they are older and they will continue to try when they have not managed to win any prizes. It may be a trivial thing but it can provide experience about gambling to young children who follow what their parents do in buying the lottery. And when people buy lotteries, it may be a normal thing in some places, especially if more people buy lotteries too, so when there are grown-up children buying lotteries, that is no longer something new. However, those who frequently buy lottery tickets should be able to allocate a certain amount of money so as not to disrupt their finances.
legendary
Activity: 2702
Merit: 1465
November 28, 2023, 02:37:28 AM
By the way, here’s an interesting question: is the passion for playing the lottery transmitted from parents to children?  It is quite possible that raising children in a family accustoms them to the mindset that participating in the lottery is both a ritual and a pursuit of the dream of getting rich.  By the way, I think that in most cases, children, having become adults and starting an independent life, somehow begin to buy the lottery
if once upon a time their parents did this, especially if once upon a time someone close to them or their friends won  to the lottery.
It seems yes if the parents often buy the lottery and the children know about it. Since children have great curiosity, they will definitely try to find out by buying some lottery tickets secretly without their parents knowing. Children who have become adults started independent lives, and have an income will try to buy the lottery. At first, maybe because they wanted to reminisce about what they did when they were little, but gradually, they started buying the lottery more often because they already knew what prizes they could get if they could win. This could happen to children who often see their parents buying lottery tickets and will follow suit by buying lottery tickets when they are still small or when they are older.
It is quite possible that when young children see their parents checking out the lottery and hoping that they should go this time and win, this delightful mood of expectation of something good is automatically transferred to the children.  And since this happens often, young children also rejoice in this mood of their parents.  And so, as children gradually grow up, they themselves begin to feel such good experiences when they become older.  And of course they also continue to buy lottery tickets. 
I think this happens in most families where at least one parent, father, mother or, for example, grandfather regularly buys lottery tickets.
legendary
Activity: 1932
Merit: 2354
The Alliance Of Bitcointalk Translators - ENG>SPA
November 26, 2023, 05:36:42 AM
-snip-
There really just those people who cant really just that easily accept things because they do really like that they do have more but since you are against with government rules
then you wont really be having no choice.

Yes, and I understand them too. Depending o the country you were born or you moved to and have to pay your taxes, the feelings can differ. I live in a social and democratic country with thieves in politics like in any other country, but with a lot of people also who like to do the right thing, and we have cheap transports, subsidies to buy a house, (did I mention free healthcare and education?), etc.

So it's not just a matter of ideology, but the environment makes you see things from different perspectives too.
hero member
Activity: 2968
Merit: 687
November 25, 2023, 02:18:40 PM
I’ve said this before certainly, but I’ve always heard that the lottery is a way of collecting extra taxes from people who are bad at math. In the United States we even use lottery money to give to schools in order to improve education. This is quite ironic, but also a great initiative in my opinion, as people love to pay extra taxes in the form of gambling.
Here in our country on which we do really that that lotto/sweepstakes organization on which they are really that running that ball draw and at the same time they do really have programs
on which is something that connected with charity works on which it is really that something commendable. Imagine that if ever someone hits a jackpot then the money that they would really be able to get or
the winning would really be having that kind of 20-30% deduction which is really that crazy but in the sense that as a winner then you wont really be having no choice but to agree or deal
on what are their terms but still its really that a big money even with a big deduction.
-snip-

Here in mine, in the last few years the Government has lifted the taxes on lotteries so that at first the first 10k, 20k, and now, 40k EUR in winnings don't pay any taxes. Above that amount, you have to pay.

I don't think it's unfair: if you win some money but nothing remarkable they let you be without worries about taxes, and if you win big, you pay a percentage of what exceeds. At least in my case, I would't care to share my luck with students or patients in hospitals who need it more than me, just a new rich guy.
Well thats good if thats the case but we know that lotteries doesnt really have to end up with those amounts and most of the time it would really be talking about millions of dollars on which you
should expect that you are really that obliged on paying up taxes and you do really have that point that giving out a share via taxes wont really be that bad and as long you do know that those
taxes is really that put up on the good cause or there's someone who would benefit then you wont really be bothered much but of course if the % deduction is something that you could swallow in.
There really just those people who cant really just that easily accept things because they do really like that they do have more but since you are against with government rules
then you wont really be having no choice.

legendary
Activity: 1932
Merit: 2354
The Alliance Of Bitcointalk Translators - ENG>SPA
November 25, 2023, 01:56:32 PM
I’ve said this before certainly, but I’ve always heard that the lottery is a way of collecting extra taxes from people who are bad at math. In the United States we even use lottery money to give to schools in order to improve education. This is quite ironic, but also a great initiative in my opinion, as people love to pay extra taxes in the form of gambling.
Here in our country on which we do really that that lotto/sweepstakes organization on which they are really that running that ball draw and at the same time they do really have programs
on which is something that connected with charity works on which it is really that something commendable. Imagine that if ever someone hits a jackpot then the money that they would really be able to get or
the winning would really be having that kind of 20-30% deduction which is really that crazy but in the sense that as a winner then you wont really be having no choice but to agree or deal
on what are their terms but still its really that a big money even with a big deduction.
-snip-

Here in mine, in the last few years the Government has lifted the taxes on lotteries so that at first the first 10k, 20k, and now, 40k EUR in winnings don't pay any taxes. Above that amount, you have to pay.

I don't think it's unfair: if you win some money but nothing remarkable they let you be without worries about taxes, and if you win big, you pay a percentage of what exceeds. At least in my case, I would't care to share my luck with students or patients in hospitals who need it more than me, just a new rich guy.
hero member
Activity: 2968
Merit: 687
November 24, 2023, 01:41:15 PM
I’ve said this before certainly, but I’ve always heard that the lottery is a way of collecting extra taxes from people who are bad at math. In the United States we even use lottery money to give to schools in order to improve education. This is quite ironic, but also a great initiative in my opinion, as people love to pay extra taxes in the form of gambling.
Here in our country on which we do really that that lotto/sweepstakes organization on which they are really that running that ball draw and at the same time they do really have programs
on which is something that connected with charity works on which it is really that something commendable. Imagine that if ever someone hits a jackpot then the money that they would really be able to get or
the winning would really be having that kind of 20-30% deduction which is really that crazy but in the sense that as a winner then you wont really be having no choice but to agree or deal
on what are their terms but still its really that a big money even with a big deduction.

Im not really that seeing for it to be some extra tax but basing up on the word then it really is but in forms of gambling. People wont mind about taxes
or whatsoever that betting on lotteries would turn out because the one thing that comes up into their minds  that they would really be changing up their
lives on the time that they would be making a hit.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
November 24, 2023, 01:29:00 PM
I’ve said this before certainly, but I’ve always heard that the lottery is a way of collecting extra taxes from people who are bad at math. In the United States we even use lottery money to give to schools in order to improve education. This is quite ironic, but also a great initiative in my opinion, as people love to pay extra taxes in the form of gambling.
legendary
Activity: 2058
Merit: 1166
November 24, 2023, 12:55:26 PM
I have recently read an interesting essay on this topic, but it was already explained it to me a few years ago.

The thesis would consist that, although the probability of winning classical lotteries is near zero (typically between 0.0000007% in the case of Euromillions and 0.000003% in the case of national lotteries), people is willing to pay an excessive overprice because they are buying the right to dream about the possibility of winning.

Although there are extreme cases that get addicted to lotteries, this is quite uncommon if I'm not wrong, because, if you are not paying for the probability but for the possibility, a bet of 1 USD is enough to buy said possibility.

On the other hand, national lotteries are known to be "taxes on ignorance of mathematics", but if these revenues financed public expenses that revert to the common good: would you agree to pay systematically 1 USD more in your annual taxes as something that ensures the right to dream of a dear life of every taxpayer?



I think you have outlined a very interesting thought-provoking approach to lotteries here. Buying the possibility instead of the probability. I would have to think a bit more about it, but what came immediately to my mind was the question for evidence that poor people play the lottery more than the rich people.

"Why do the poor spend more on lottery tickets than their wealthier and better educated peers?"

Since states know this, these guys argue that "In our opinion, states should not be in the business of extracting wealth from poor people..."

and I think they are right. The good part is that since more poor people play the lottery, the probability that a poor person becomes rich is high. The bad part is, the certainty that there is a redistribution of wealth from low-income households to higher income households due to the fees and taxes raised on lottery stakes and winnings (depending on where you live/play). I didn't say high income, but higher income as there is a negative correlation gradually increasing between household income and amount spent on lottery tickets.

People who are poor don't neglect mathematics because they are also stupid. But intuitively it makes more sense for them to cling to any possibility that can be maintained with the lowest resources possible. It still doesn't make sense because the money spent could probably change their lives in more impactful ways if smartly saved over a long period of time, but time is also a discount factor for their subjective perception. Telling someone who is poor to save for 40 years to change the situation doesn't sound quite appealing.

The possibility to finally be able to pay all the bills forever on time and afford luxury items that are otherwise impossible forever, outweighs any rational approach to statistics. It is similar to mental accounting, which is more of a psychological thing and not the absence of mathematical skills.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
November 24, 2023, 07:53:50 AM
By the way, here’s an interesting question: is the passion for playing the lottery transmitted from parents to children?  It is quite possible that raising children in a family accustoms them to the mindset that participating in the lottery is both a ritual and a pursuit of the dream of getting rich.  By the way, I think that in most cases, children, having become adults and starting an independent life, somehow begin to buy the lottery
if once upon a time their parents did this, especially if once upon a time someone close to them or their friends won  to the lottery.
It seems yes if the parents often buy the lottery and the children know about it. Since children have great curiosity, they will definitely try to find out by buying some lottery tickets secretly without their parents knowing. Children who have become adults started independent lives, and have an income will try to buy the lottery. At first, maybe because they wanted to reminisce about what they did when they were little, but gradually, they started buying the lottery more often because they already knew what prizes they could get if they could win. This could happen to children who often see their parents buying lottery tickets and will follow suit by buying lottery tickets when they are still small or when they are older.
legendary
Activity: 2702
Merit: 1465
November 24, 2023, 04:18:29 AM
~~~~~
How hope and cost-benefit analysis interact is fascinating. It's cheap—$0.5 to $1 each day for most. But consider the long-term expense. I find it intriguing that people keep hoping despite poor odds. According to behavioral economics, this is a standard optimism bias. People often overestimate their chances of winning the lottery. It's about the thrill, the 'what if' situation, not just the money

However, consider sociological factors. Lower middle class people view the lottery as a communal experience, not just gambling. When the numbers are drawn, everyone holds their breath. It's not simply about winning odds. Imagine joining a community of dreamers bound by hope. In this context, the lottery becomes a communal rite rather than a bet
Great observation and good idea! 
It is the community of people playing the lottery that in some incredible way makes this community more dreamy and, I would say, more good-natured compared to the community and disunited to the maximum extent.  At the same time, people who buy lottery tickets, of course, for the most part do not know each other, but still they all somehow feel that they belong to this community of dreamers of wealth.  And that means about a happy life.  And not only the lottery player, but also his family members. 
So, from the point of view of reducing tensions in the community, holding a lottery is definitely beneficial.  Even if only slightly, lotteries still reduce tensions between strangers.

There is something ritualistic, I agree, and not only when you play with others. IMO, that ritualism is something to avoid if you want to stay cold-minded: that's the straightest door to magical thinking.

About spending 0.5-1 USD a day, I think that you can get the same thrill doing it once a week, or even a month (you know that, in the near future, there is a slight possibility of getting rich).
By the way, here’s an interesting question: is the passion for playing the lottery transmitted from parents to children?  It is quite possible that raising children in a family accustoms them to the mindset that participating in the lottery is both a ritual and a pursuit of the dream of getting rich.  By the way, I think that in most cases, children, having become adults and starting an independent life, somehow begin to buy the lottery
if once upon a time their parents did this, especially if once upon a time someone close to them or their friends won  to the lottery.
legendary
Activity: 1932
Merit: 2354
The Alliance Of Bitcointalk Translators - ENG>SPA
November 24, 2023, 01:17:36 AM
~~~~~
How hope and cost-benefit analysis interact is fascinating. It's cheap—$0.5 to $1 each day for most. But consider the long-term expense. I find it intriguing that people keep hoping despite poor odds. According to behavioral economics, this is a standard optimism bias. People often overestimate their chances of winning the lottery. It's about the thrill, the 'what if' situation, not just the money

However, consider sociological factors. Lower middle class people view the lottery as a communal experience, not just gambling. When the numbers are drawn, everyone holds their breath. It's not simply about winning odds. Imagine joining a community of dreamers bound by hope. In this context, the lottery becomes a communal rite rather than a bet
Great observation and good idea! 
It is the community of people playing the lottery that in some incredible way makes this community more dreamy and, I would say, more good-natured compared to the community and disunited to the maximum extent.  At the same time, people who buy lottery tickets, of course, for the most part do not know each other, but still they all somehow feel that they belong to this community of dreamers of wealth.  And that means about a happy life.  And not only the lottery player, but also his family members. 
So, from the point of view of reducing tensions in the community, holding a lottery is definitely beneficial.  Even if only slightly, lotteries still reduce tensions between strangers.

There is something ritualistic, I agree, and not only when you play with others. IMO, that ritualism is something to avoid if you want to stay cold-minded: that's the straightest door to magical thinking.

About spending 0.5-1 USD a day, I think that you can get the same thrill doing it once a week, or even a month (you know that, in the near future, there is a slight possibility of getting rich).
legendary
Activity: 2702
Merit: 1465
November 23, 2023, 03:08:02 AM
~~~~~
How hope and cost-benefit analysis interact is fascinating. It's cheap—$0.5 to $1 each day for most. But consider the long-term expense. I find it intriguing that people keep hoping despite poor odds. According to behavioral economics, this is a standard optimism bias. People often overestimate their chances of winning the lottery. It's about the thrill, the 'what if' situation, not just the money

However, consider sociological factors. Lower middle class people view the lottery as a communal experience, not just gambling. When the numbers are drawn, everyone holds their breath. It's not simply about winning odds. Imagine joining a community of dreamers bound by hope. In this context, the lottery becomes a communal rite rather than a bet
Great observation and good idea! 
It is the community of people playing the lottery that in some incredible way makes this community more dreamy and, I would say, more good-natured compared to the community and disunited to the maximum extent.  At the same time, people who buy lottery tickets, of course, for the most part do not know each other, but still they all somehow feel that they belong to this community of dreamers of wealth.  And that means about a happy life.  And not only the lottery player, but also his family members. 
So, from the point of view of reducing tensions in the community, holding a lottery is definitely beneficial.  Even if only slightly, lotteries still reduce tensions between strangers.
hero member
Activity: 1302
Merit: 503
Leading Crypto Sports Betting & Casino Platform
November 22, 2023, 11:48:40 PM
~snip~
How hope and cost-benefit analysis interact is fascinating. It's cheap—$0.5 to $1 each day for most. But consider the long-term expense. I find it intriguing that people keep hoping despite poor odds. According to behavioral economics, this is a standard optimism bias. People often overestimate their chances of winning the lottery. It's about the thrill, the 'what if' situation, not just the money

However, consider sociological factors. Lower middle class people view the lottery as a communal experience, not just gambling. When the numbers are drawn, everyone holds their breath. It's not simply about winning odds. Imagine joining a community of dreamers bound by hope. In this context, the lottery becomes a communal rite rather than a bet
Yes, you are right that it is not all about money but also about sensations and situations.
Sensation in the sense that every gambler who bets on the lottery knows that winning the lottery requires the right sequence of numbers and this is one of the sensations when it comes to predicting and getting the numbers that are bet on.
Moreover, the feeling of getting sensation from predicting the lottery can never be obtained from any bet.
The situation is usually that they bet because they are in difficult economic situation and risk little money in the hope of making some profit when they win and can help at least little gap in making ends meet.
But it comes back to the fact that they still do it with money and with the aim of making money.
Even if it only small amount, it can keep them coming back.
Who knows what results get and whatever feelings feel, it really has significant impact and will make addicted to every purchase.

~snip~
In South America, in some countries, the lottery has almost become a national idea. Unfortunately, I don’t remember which country, probably even Colombia, but I’m afraid I’ll be wrong. So I watched a program, where people work in a mine every day and extract some kind of metal. This mine is located outside the city, but almost all the people in the city itself buy lottery tickets. They probably think that this will completely change their life and after winning they won’t have to work in the mine risking their lives. They are also influenced by the fact that everyone knows each other and if someone wins something insignificant, then everyone will know about it and think that they will be lucky next time.

There is an expression: “The lottery is a tax on stupidity.” But I cannot apply this to these poor people. They want to believe that a lucky ticket will change everything in their life, and if they didn’t have a lottery, they would have to invent one.

As for me, I don’t play the lottery, although I see how my relatives behave like the people in this story.
So, this is form of attitude or thought that makes everyone want to keep buying lottery tickets all the time because of the hope of winning jackpot and changing their lives.
The lottery is bet that can generate very large amounts of money but with relatively small capital, and this is the main reason that gamblers can always bet on the lottery.
Beliefs like this are actually too excessive because gambling one of which is lottery betting, is not place where people can be given hope in order to help change their lives, but because this bet can be done with very little capital, they don't care about the risk of losing and continue to buy.
Pages:
Jump to: