The Case for Buying a Powerball Ticket
Financially literate people like to complain that buying lottery tickets is among the silliest decisions a person could make. And it is true that the odds of winning anything substantial, let alone the estimated $500 million that could be given away if there is a winning ticket in the Powerball lottery Wednesday, are very much stacked against you. There is no doubt that people should not spend money on lottery tickets that they can’t afford to lose...
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