Mega Millions Lottery Odds

     [In state mega millions lotteries], the incredibly remote odds [250 million to one] don’t really sink in for people. They don’t really understand probabilities at all. Once you have a bunch of zeroes, it doesn’t matter how many you have–one in 10,000, one in a million or one in a billion….

     When people are desperately sick, there’s always a part of the brain that thinks there will be a miracle cure. It you want something to be true, your brain is awfully good at figuring out reasons, magical ones, that there’s a good likelihood that it is true. The desire to win does drive a certain kind of frenzied optimism.

Professor George Loewenstein as quoted in an Associated Press article by Sharon Cohen, December 17, 2013

     [In state mega millions lotteries], the incredibly remote odds [250 million to one] don't really sink in for people. They don't really understand probabilities at all. Once you have a bunch of zeroes, it doesn't matter how many you have--one in 10,000, one in a million or one in a billion….

     When people are desperately sick, there's always a part of the brain that thinks there will be a miracle cure. It you want something to be true, your brain is awfully good at figuring out reasons, magical ones, that there's a good likelihood that it is true. The desire to win does drive a certain kind of frenzied optimism.

Professor George Loewenstein as quoted in an Associated Press article by Sharon Cohen, December 17, 2013


from http://jimfishertruecrime.blogspot.com/