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A Lottery-Ticket Solution

A really interesting link on about a really interesting proposal by Ian Ayres and Barry Nalebuff (authors of Why Not?, a book I liked an awful lot) to send a portion of every lottery ticket purchase to an individual retirement account. This means that all the people who make the poor choice of spending too much money on lottery tickets (salved, perhaps, by the notion that their losings are going to “education”) could be saving some significant coin, just in case they happen not to win millions.