GameTek Classic 251.5 - Lotteries

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Manage episode 294272602 series 3921
By Geoffrey Engelstein, Gil Hova, Erica Hayes-Bouyouris, Sen-Foong Lim, and Scott Rogers. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Geoff muses on the combination of two of his favorite topics: loss aversion and the lottery. Why do more people buy lottery tickets when the odds of winning are lower? How does that affect the payout? And what is the effect of a lottery win on a person's life?

494 episodes