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Submission + - Do large jackpots make lottery tickets rational? (circlemud.org)

An anonymous reader writes: Last week's Mega Millions multi-state lottery jackpot reached $380 million, and $1 tickets had a 1 in 175.7 million chance of winning. Was it economically rational to buy tickets? The answer was surprising. Either way, over 200 million tickets were purchased!
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Do large jackpots make lottery tickets rational?

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