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Sociological studies show that people with lower income buy a disproportionate number of lottery tickets. Do you think this is because they are worse decision

Sociological studies show that people with lower income buy a disproportionate number of lottery tickets. Do you think this is because they are worse decision makers or because they have a different utility function? Consider the value of contemplating the possibility of winning the lottery versus the value of contemplating becoming an action hero while watching an adventure movie.

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