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Bashing on lottery tickets due to EV also really feels like it's really missing the point. Lottery tickets are a mechanism for enjoying a fantasy. Sure you could technically just pretend that you won $10^9, but there is a hard cliff from >0% to 0%. I buy lottery tickets (very very occasionally, but who cares!) because it helps me enjoy a fantasy about being radically independently wealthy.

There's no reason to hate on people for doing something that they enjoy, regardless of what the expected value is. For god's sake, I juggle! As a hobby! Can you imagine the expected return on THAT?



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