...Is The Lottery Exploiting The Poor? After the recent Powerball game frenzy, the lottery has clearly become a big trend. However, is it really worth it? Despite the huge statistics against playing, people still continue to splurge on these lottery tickets. [ADD STATISTICS ON THE LOTTERY HERE]. You have a higher chance of getting struck by lightning than winning the lottery (CITATION), but journalists and academics are interested in understanding why individuals persistently play the lottery. Do the potential benefits outweigh the current costs? Philosophy Now journalist and author of the article “Lottery or Lootery,” Gordon Giles debates the facts about the way our society plays the lottery. According to Giles, most individuals who play the...
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...State Lottery Billions of dollars are gained from lottery ticket sales each year (Thompson). Also half the money gained is used for state funding. Money schools need, but cannot receive, they can get from money gained in lottery ticket sales. Some states also have a program where cash gain from lottery ticket sales will help send kids to college. Over 850,000 students have been sent to college through this program and about $3 billion has been spent since the program began in the 1990s. The lottery supports schools and state programs. The program is good because it also helps kids pay for college because not everyone can pay for college. It's also good half the money spent on the lottery goes to helping the community. The lottery is worth it because you can win money, but if you do not you are still giving money to the state which helps with schools. Although you are playing the lottery, there is a big chance you will not win. “The odds of winning the lottery are 1 in 175 million” (Worth). Also the money is not always used for schools. “Some of the money is spent on other city projects” (Worth). “People have a problem with grasping that the odds of winning are 1 in 175 million” (Wasserstein). The problem is that you...
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...Safety 1.-the nature of advertising lotteries -they are a monopoly without competitors so they only have 2 strategies (1) recruit new players and (2) make existing players spend more -they chose second option to play into peoples gambling addictions -targeted lower income groups and were deceiving with their message by presenting only winning awards and not how much people lose -target poor because they have the most to gain and restrictions would deprive them of life changing opportunities -DECEPTION What did I learn about the case presentation? We learn that the marketing of lotteries is deceptive. A lottery has its own benefit and disadvantage that is selling hope and regressive form of taxation. The advertising of lotteries only focus on the maximum reward and it may attract consumers to buy lotteries who believes that lotteries would help them to become rich. The marketing of lotteries targeted most players with low educational experience. It will make the poor people more suffer rather than make them more rich or some sort of way out of their poor life. - What did I learn about myself? In our opinion, lottery is bad because it depends on the luck. If we want to gain something we must do our best and put some efforts. For me, buying lotteries maybe is one way to make you become rich. But why don’t we depend our own effort to become rich. - What are my thoughts about the issues discussed in tutorial? The advertisements of lotteries had given the false perception to...
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...attractive to the poor and therefore tends to victimize those who can least afford it.” The results that disputed this myth was the fact that the majority of respondents that wanted to expand the legalization of gambling were middle class Americans. Another myth that was refuted was that rates...
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...price tag that will come along with it. The piece on the news said that the state was unsure of where that money would come from and this got me wondering why hasn’t Hawaii legalized gambling? I used four sources to delve into both sides of this controversial topic. The first source is a report from CQ Researcher titled “Gambling in America” by Kenneth Jost. The second is an article from The Honolulu Star-Advertiser “On Politics” column, by Richard Borreca. The third resource I used to gather my information from is Gambling, from the Opposing Viewpoints series and lastly, I conducted an interview with a long time, self-proclaimed professional gambler, who wanted to keep their identity anonymous and asked only to be referred to as “Rush”. After exploring both sides of the topic I’ve come to the conclusion that the pro-gambling side wins. The evidence given by the supporters seems much more concrete and numbers based while the opponents seem to appeal to the public’s pathos using fallacies such as hasty generalizations and post hoc ergo propter hoc. There are many different forms of legalized gambling today, ranging from state lotteries, to commercial casinos, and Internet gambling. I’m going to focus on the two that seem to be most applicable to the state of Hawaii, which are commercial casinos and a state run lottery. CASINOS PROS: Let’s start by looking at casinos. Proponents say that casinos benefit local economies by creating jobs and paying taxes to local Governments...
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...* PILLARS People are rational and seek to maximize their expected utility Markets are efficient, with no arbitrage opportunities ANOMALIES These are not confirmed in real life, so we study the reason behind the anomalies in the models using: Field data Lab experiments Computer simulations Brain scans * STUDY TOPICS Alternatives to Expected Utility Theory Time Preferences Predicting Human Behavior in Strategic Situations Self-Confidence Cognitive Biases & Consequences Using Experiments to Test Finance Theories Saint Petersburg Paradox Coin-flipping; payoff for the first heads that appears; payoff doubles for every coin flip. How much are you willing to pay to play this game? Expected utility is ∞, but people aren’t willing to pay much E = ½ (1) + ¼ (2) + ⅛ (4) + ... E = ½ + ½ + ½ + ... + ½ E = ∞ Expected Utility Theory Indifference Curve: combination of goods & services that maintain a certain level of satisfaction People maximize their well-being The roll of government is to maximize social well-being Pareto Efficiency (most outward point as possible) Utility cannot be measured or observed directly, but are revealed through preferences and through experiments. Remember: preferences are not necessarily choice, but a probability of choosing that. Cardinal preferences – objects are given values Ordinal preferences – objects are ranked against others Be careful: you can’t compare utility across individuals Axioms Completeness...
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...society and a popular culture, we do much without even discerning why or how these certain practices came about. Many actions in our daily lives are results of these so-called traditions. Anything from red beans on Monday to mass on Sunday can be described as a tradition rooted in the past. But at what point is it required to dispose of long-held traditions that have been followed for decades or even centuries? Just because in the past something was considered acceptable—such as slavery—does not mean that it should be accepted as right. This question is just the problem Tessie Hutchinson, the protagonist of Shirley Jackson’s “The Lottery,” reveals when she is chosen to be stoned to death. The lottery, a long tradition in the town...
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...sky. The sun shined over the podium that was dead center stage, which had its traditional red and blue décor all over it. In some towns, the lottery was stretched out over a few days to accommodate large populations but in the town of Freedomville, the small size of three hundred or so citizens meant that the event would only take a half day. The children were the first ones to arrive. They were playing with their stuffed elephants and toy donkeys, some even throwing them at each other. The girls were all dressed in red dresses with white strips while the boys...
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...WIDERhelsinki Chapters 1, 2 and 12 of August 2003 New Sources for Development Finance edited by A B Atkinson, Nuffield College, OXFORD Contents Chapter 1 Innovative Sources for Development Finance by A B Atkinson Over-Arching Issues By A B Atkinson Global Public Economics by J A Mirrlees National Taxation, Fiscal Federalism and Global Taxation by R Boadway* Environmental Taxation and Revenue for Development by A Sandmo* Revenue Potential of the Tobin Tax for Development Finance: A Critical Appraisal by M Nissanke* A Development-Focused Allocation of the Special Drawing Rights by E Aryeetey* The International Finance Facility Proposal by G Mavrotas* Private Donations for International Development by J Micklewright and A Wright* A Global Lottery and a Global Premium Bond by T Addison and A Chowdhury* Remittances by Emigrants: Issues and Evidence by A Solimano* The Way Forward by A B Atkinson Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 9 Chapter 10 Chapter 11 Chapter 12 * These chapters are available on the WIDER website. Chapter 1 Innovative Sources for Development Finance 1 A B Atkinson, Nuffield College, Oxford Introduction 1 Innovative Sources to Meet a Global Challenge 2 New Development Finance: Innovative Sources 3 Origins of the Proposals 4 Political Economy 5 Criteria for Evaluation 6 Guide to the Contents of the Book Box 1 The Millennium Development Goals Box 2 Innovative Sources of Development Funding Considered Here Introduction...
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...Comparative analysis of the gambling industry in India & the United States of America (USA). Study @ New York University. By: Anupam Sabat, 3C BBA Amity International Business School, Noida. Acknowledgement At the onset, I would like to thank our esteemed faculty at Amity International Business School, Prof. Dr. Arun Sacher, for his encouraging words and his guidance. It was really he who constantly motivated us & pushed us to our limits & in the process, helped us realize & scale newer & higher peaks. He constantly challenged us to strive for excellence & in doing so, enabled us to perform to the best of our abilities. INTRODUCTION Gambling is one of the oldest industries in the world. According to the UK Gambling Act 2005, betting or gambling means ‘the making or accepting of a bet on the outcome of a race, competition or other event or process; the likelihood of anything occurring or not occurring; or whether anything is or is not.’ It is regarded by some as a vice and sinful activity which corrupts the society. Others view gambling as a harmless form of entertainment (I, personally, believe in the latter notion). Some also look at it in economic terms. Legalized casino gambling, be it in Las Vegas, London and/or Macau rose out of the desire for economic stimulus. Overall, society has taken a cautious view of gambling. Only limited types of games are legalized. The reason for gambling being heavily regulated...
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...Before now I’ve never really thought about the way I think. I guess that’s why right after I completed the LSI( Life Style Inventory) assessment and read the results I had to pull myself away from my work to really think about my results. When I took the assessment I told myself I wanted to be as honest as I possible could, so perhaps I might get honest answers as to how I think and behave. Then answer question like, how do the ways I think and behave affect my management style for now and in the future? Knowing yourself is important to every aspect of your like. I spend a lot of time trying to get a better understanding for why I respond to certain situation in certain ways. For example, when, when I’m asked to do anything at work I immediately say, “no problem”. My coworkers jokingly call me the teacher’s pet or they say thinks like, “Your really trying to keep your job”. Some will even wink and say things like, “Job security”. I smile at their jest. I’m sure that it comes from a good place, but none of what they say can be further from the truth. I whole-heartedly want to do what ever it takes to help get the job done. Which is why I found the result of my LSI assessment so interesting. The LSI determined that my primary style of thinking is Constructive, which according to the LSI is a style of thinking that is self-enhancing and contributes to my satisfaction, ability to effectively work with others, develop healthy relationships, and to proficiently accomplish task...
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...250 WORDS ANWSERS FOR EACH QUESTION 1. According to Delfabbro (2009) games of chance can be classified across four dimensions. Explain one of these dimensions and identify a form of gambling at each extreme point of this dimension. Delfabbro(2009) has mentioned that locational characteristics is also influences the nature of gambling activities such as whether they can play at home, alone, a groups, at casino, or can be on telephone and on internet. Besides, the locational characteristics of gambling play a significant role in people’s choice of gambling activity (Productivity Commission, 1999). Different venue can also affect social relationships, and environmental air at the scene of gambling activities. Players prefer to engage in lively environment, casino, race track, where the player can easily interact with the host and other players. Bustling atmosphere can create more dynamic, stimulating players more involved. (Charlotte Fabiansson, 2010) But in addition, with today's modern technology, players can easily participate in gambling activities such as betting at the races at home without directly by phone and internet. (Richard McGowan, 2008) Today, with modern technology, the gambling the phone and internet gambling is increasing because of the rapid, convenient, time-saving to the player. Players just sit at home and can be able to communicate, bet with friends and other players around the world with the click or one phone call. Casino host also can create online...
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...and moral life. Because Tessie Hutchinson in Shirley Jackson’s “The Lottery” possesses selfish and hypocritical qualities and Mathilde Loisel in Guy de Maupassant’s “The Necklace” exhibits a selfish and manipulative personality, they both live an uncomfortable life. To begin, Tessie Hutchinson displays an incredible...
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...student, bullying which was called X-Game was done to only her. She was not cute and depressed, so she was bullied from main characters. Bullying was decided by lottery which was made by a paper. Those things which were written penalty were put lottery into red box. After 12 years, the bullied girl thinks that forces her attackers to play much more violent version of the game to main characters. This game was made by a secret organization. They captures these bullies and sets them up for her. This game rules were a little bit change from previous game. Main characters had to perfectly do drawn penalty while just 3 minutes. This penalty became harder than received her. For example, one game forces one victim to sit on a chair full of spikes and barbed wire, another game has a victim chug a ridiculous amount of milk, and a challenge has them burn the hair of another. If they could not do this penalty, they got special penalty. While they handled one penalty after another penalty, their friendship, plot of secret organization, and feeling which wanted to live by some means appeared more and more. Bullying which is expressed by this psychological thriller movie is a big problem in the current world. Why did this movie express bullying? I think that bullying gradually is increasing in the current world, and a lot of people get stress from school life, working life, and everyday life. . The phrase “Bullying” is usually defined as the repeated oppression of a less powerful person by...
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...meaning. Most Americans agree that happiness is an important part of one’s life. Even though different cultures have a different perception of happiness, it is still plays a significant role. Research has been done which states people who are happier achieve better life outcomes, including financial success, supportive relationships, mental health, and even physical health and longevity. Having read the chapter of happiness and positive emotions and a few articles, I will related the readings and research to my own understanding and interpretation of how each plays a role in my life. Research on positive emotions, such as happiness, compassion, love and hope, is relatively new. Most scientists who study emotions focus on negative states such as depression, anxiety, and fear. Psychologists spend most of their time trying to help people control those states, whereas happiness is a positive emotion that does not need any help to overcome. Researchers have trouble defining and measuring happiness, and have concluded that happiness does not fit the definition of an emotion. The authors of Emotion, Shiota and Kalat, state that happiness qualifies more as a mood or affect, and people with a happy personality have been described as emotionally stable, conscientious, and in control of the situation. It is not to say that happy people do not have mad moods, but it just means that they overcome it quickly. Generally, when I hear the word happiness I picture someone who is content with their life...
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