Colorado Pot Tax Proving More Lucrative Than Expected

Re:Colorado Pot Tax Proving More Lucrative Than Expected by dinkumthinkum on Saturday February 22, 2014 @08:07PM (#7284481)

No I don't think that works. Many people buy lottery tickets and really think they are going to win. Movie tickets to entice people with false hopes of riches. They also don't involve gambling addiction.

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Re:Colorado Pot Tax Proving More Lucrative Than Expected by Fomite on Sunday February 23, 2014 @04:26AM (#7285383)

Buying a lottery ticket is rational if the cost of the ticket is offset by the relative increase in your pleasure that comes from dreaming of winning.

For example, if you gain >$price of a Powerball ticket worth's of entertainment from musing about how you'd spend the prize, it's a rational purchase.

On the other hand, buying two tickets isn't rational. You get no extra dreaming, and your expectation of winning hasn't moved essentially at all.

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Re:Colorado Pot Tax Proving More Lucrative Than Expected by sanoli on Sunday February 23, 2014 @11:42AM (#7286449)

Not really. If you buy 10 tickets, you're buying an extra dose of thrill because you think "I bought ten, I got a better chance of winning".

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Re:Colorado Pot Tax Proving More Lucrative Than Expected by Fomite on Sunday February 23, 2014 @07:34PM (#7288441)

My assertion is true even for people who understand probability, and thus won't get much thrill about multiplying ~0 by 10.

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