Why People Like Lottery?


There are plenty of statistical evidence showed the chance of winning lottery is quite small but what are the reasons people still playing it? Is it because of its attractiveness? In fact, we cannot deny that life persuades people to maximize profit instead of saving money.

The most persuasive reason is lottery is a very simple game by drawing a few numbers for a chance of winning. More and more players focus on its expected return (how much money they will get) and ignore looking the probability of winning. They always see a small portion of loss but attractive huge profit. However, the fact is they tend to lose the money in most of the times.

Like most games, lottery brings excitement to the player as well. Once people see the reward is very high, it leads to social hive-like mentality which is an encouragement for them to buy the numbers. But in the end, Malaysia Lottery Result shows they often become too optimistic for getting something. Further, the cost of buying lottery is relative less, maybe a few ringgits. So, players have greater willingness to participate in lottery.

Another psychological reason is availability bias. This is a concept of only showing the positive information rather than the negative result. Casino always release the jackpot winner at the front entrance but they never state those millions of losers. On the other hand, “near miss” effect motivates gamers to keep trying. When we check Malaysia Lottery Result, we only get 70% of the right numbers, we definitely think we are so close to the winning.


Last but not least, even though some people realize lottery is low-probability game, they still playing because of its entertainment value. Besides the economic return, human is one kind of living thing that will be encouraged by more than just monetary term. Irrational behavior is a good explanation for playing lottery because some people are looking for excessive health. 

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