No. People buy lottery tickets for a lot of reasons. It is a fun bit of escapism and entertainment that costs just a few dollars.
You're making the assumption that everyone plays the lottery because they think it is a smart financial decision.
You're making the assumption that everyone plays the lottery because they think it is a smart financial decision.
On an individual level, gambling is roughly breaking even in the long run (say, 95% retention of the resources).
Yes, it is.
> It is a transfer of resources from one entity to another. It's a zero-sum game.
All real gambling consumes as well as transfers resources, and is, therefore, negative sum.
No it's not.
Are we "debating" like in first grade or what is this?
By your definition it seems literally everything is a "waste of resources"
Most activities use resources.
Many produce value and are not a waste of resources.