Someone else follows the citation trail and claims the source thinks the actual number is lower:

households with an income of less than $10 000 spend, on average, approximately 3% of their income on the lottery.

$300/year (unless someone is a bored millionaire) is still shocking to me.

7Lumifer5yUpvoted for checking claims :-) The link actually says that he cannot find the original source for the 9% number, but in the process found a 3% number. I'll dig around for better numbers if I have time, but we can also look at significance from the other end: (Wikipedia [http://en.wikipedia.org/wiki/Lotteries_in_the_United_States]) P.S. An interesting paper [http://www.nber.org/papers/w9330.pdf]. Notable quotes: And also

Rationality Quotes Thread March 2015

by Vaniver 1 min read2nd Mar 2015235 comments

8


Another month, another rationality quotes thread. The rules are:

  • Please post all quotes separately, so that they can be upvoted or downvoted separately. (If they are strongly related, reply to your own comments. If strongly ordered, then go ahead and post them together.)
  • Do not quote yourself.
  • Do not quote from Less Wrong itself, HPMoR, Eliezer Yudkowsky, or Robin Hanson. If you'd like to revive an old quote from one of those sources, please do so here.
  • No more than 5 quotes per person per monthly thread, please.
  • Provide sufficient information (URL, title, date, page number, etc.) to enable a reader to find the place where you read the quote, or its original source if available. Do not quote with only a name.