Why play a losing game? Study uncovers why low-income people buy lottery tickets »
Posted By Jordan 2 months, 2 weeks ago in NewsAlthough state lotteries, on average, return just 53 cents for every dollar spent on a ticket, people continue to pour money into them — especially low-income people, who spend a larger percentage of their incomes on lottery tickets than do the wealthier segments of society. A new Carnegie Mellon University study sheds light on the reasons why low-income lottery players eagerly invest in a product that provides poor returns.
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Hi, I'm Jordan Running. By day I write about software for Tucows.com. By night I blog at swirlee.org (sometimes), do some programming ...
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