Another No-Lose Lottery
…year’s lucky winner of $100,000. The “no-lose lottery,” a savings program with a lottery element, was brought to the U.S. by Harvard Business School professor Peter Tufano, who will soon…
…in a savings account. But we do love to play the lottery. So what if you combine the two, creating a new kind of savings account with a lottery payout?…
It’s the banking tool that got millions of people around the world to stop wasting money on the lottery. So why won’t state and federal officials in the U.S. give…
…in a savings account. We do, however, love to play the lottery. So what if you combined the two, creating a new kind of savings account with a lottery payout?…
…year’s lucky winner of $100,000. The “no-lose lottery,” a savings program with a lottery element, was brought to the U.S. by Harvard Business School professor Peter Tufano, who will soon…
…of financial illiterates? This is a “mashupdate” of “Is America Ready for a “No-Lose Lottery”?,” “The “No-Lose Lottery,” Part 2,” and “What Do Hand-Washing and Financial Illiteracy Have in Common?”…
…trip to the NBA’s lottery. After all of these lottery picks, the Bobcats finally made the playoffs in 2010. That Bobcat team – the best in franchise history – only…
A 19th-century Georgia land lottery may have something to teach us about today’s income inequality.
Our co-host is Grit author Angela Duckworth, and we learn fascinating, Freakonomical facts from a parade of guests. For instance: what we all get wrong about Darwin; what an iPod…
…more to be said — a lot more that has been said, on this blog — about lotteries; and there’s also the no-lose lottery to consider. (HT: Johnny Tullner) [%comments]…
…Virginia, New York, Georgia, Maryland, New Jersey, Connecticut, and Michigan.) There’s also a “no-lose lottery” gaining a bit of ground, which we discussed in a two–part podcast not long ago….
Behavioral economists say “regret lotteries” are powerful motivational tools. When Philadelphia tried one in 2021, the results were disappointing. Bapu looks at how incentives can backfire — and what we…
…that one. We explained the irresistible appeal of skewness (and the lottery) in our Freakonomics Radio podcast “The No-Lose Lottery.” In that episode, we also introduced a new financial product…
Do you really deserve the credit for your accomplishments? Should college admissions be determined by lottery? And how did Mike’s contribution to a charity auction change his life?…
Nobel Prize winner Joshua Angrist explains how the draft lottery, the Talmud, and West Point let economists ask — and answer — tough questions….
…what happened in this graph: I originally had to lose a pound a week (or else lose money). Then I had to keep my weight below my contractual target of…
…raise it, knowing that few people who play the lottery know or care? Will they make it lower in order to attract players from other states? All lottery comments welcome….
They’re heading to the Super Bowl for the second time in five years. But back in 2018, they were coming off a long losing streak — and that’s the year…
Games are as old as civilization itself, and some people think they have huge social value regardless of whether you win or lose. Tom Whipple is not one of those…
(Photo: Kenneth Lu) Yesterday we gave an update on how attaching a lottery payout to bank accounts can help people save more money. A reader named Drew writes in about…
…near future than a loser. And that means if your team is actually trying to build a loser (i.e. avoid the mediocrity treadmill), they are reducing their chances to contend….
One of the most storied (and valuable) sports franchises in the world had fallen far. So they decided to do a full reboot — and it worked: this week, they…
The San Francisco 49ers, one of the most valuable sports franchises in the world, also used to be one of the best. But they’ve been losing lately — a lot…
Games are as old as civilization itself, and some people think they have huge social value regardless of whether you win or lose. Tom Whipple is not one of those…
It’s a surprisingly hard question to answer. Bapu talks with a health economist about a natural experiment that led to some unexpected findings….
…to do with humans: television shows, pattern plays, lottery columns.” Earlier that month, an ABC television show, “Lost,” included a sequence of winning lottery numbers. The combination didn’t match the…
(iStockphoto) In the Boston Globe, Andrea Estes and Scott Allen write about how people have been taking advantage of a statistical quirk in the rules of an obscure Massachusetts Lottery…
A funny thing happened in Israel last week. The winning state lottery numbers were the same as the numbers drawn three weeks earlier. Lottery officials denied allegations of rigging: “We…
What’s the best way to carry out random acts of kindness? What’s wrong with making an “Irish exit”? And why is Mike secretly buying lottery tickets?…
…Washington used a lottery to assist in the funding of the Continental Army and purchased the first ticket for a federal lottery— sponsored to finance improvements in Washington, D.C. —…
The science of what works — and doesn’t work — in fundraising
