stackyFACTSBefore he was penning profound thoughts on liberty and enlightenment, Voltaire teamed up with a mathematician to wildly exploit a flaw in the French government’s lottery.
Before he was penning profound thoughts on liberty and enlightenment, Voltaire teamed up with a mathematician to wildly exploit a flaw in the French government’s lottery. They bought up all the cheap bonds required to win the massive prize pool, netting him roughly half a million francs. Having successfully scammed the state, he retired comfortably to relentlessly critique society on a pile of completely unearned cash.
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Buying lottery tickets is a tax on your imagination, but the fix is not killing your dreams. People play because imagining a sudden windfall feels better than…
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Financial ruins are so common among the instantly wealthy that specialized policies exist just for them. You can literally pay a premium to guarantee that…
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Economists widely consider state-run lotteries to be deeply unethical because they effectively function as what?
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Selling dreams is a remarkably lucrative business model. By heavily promoting astronomically tiny odds of instant wealth, institutions easily separate hopeful…
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From a harsh macroeconomic perspective, what is the state lottery actually functioning as in modern society?
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