Tom Fuller, who can be perceptive when he isn’t peppering us with the quotations of others (all right, even sometimes when he is) makes a useful distinction in the Comment of the Day, on today’s post about the New Jersey Lottery:

“Don’t get me wrong. I’m no fan of government-sponsored lotteries, and I share all of the concerns about them mentioned above. But a facile slogan like “lotteries are a tax on people who don’t understand math” is, like most facile slogans, too simplistic a way of making the arguments. There are plenty of psychological and economic reasons why even people who understand the math buy lottery tickets that are, quite literally, bad bets. There is lots of research on this; one of the better articles is now 21 years old, but is still cited as a good, brief, and comprehensible overview.”  [You can read it here.]

“Every gamble is a losing bet in the long run; otherwise it wouldn’t be a gamble. The trouble with state-run lotteries is not so much that they exploit those who “don’t get it”; they exploit anyone, even a mathematical genius, who is drawn towards what society generally regards as undesirable actities, thereby sending the same mixed messages as taxes on tobacco and alcohol.”