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Why you might think twice before jumping in that (Powerball) pool




Photo illustration shows Powerball lottery tickets in front of the splash screen for the powerball.com website.
Photo illustration shows Powerball lottery tickets in front of the splash screen for the powerball.com website.
KAREN BLEIER/AFP/Getty Images

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Tonight’s Powerball jackpot: $1.5 billion. Your chance of winning: less than zero.

Still, that sober reality has not stopped hopefuls across the country from buying Powerball tickets, and office Powerball pools from forming.

What’s the psychology behind the craze? If you bought a Powerball ticket, what’s your reason for doing so despite the hopeless odds?

Read the full story here.

Guests:

Robert Wilson, an assistant professor of psychology at the University of Arizona

Noah Smith, an assistant professor of finance at Stony Brook University and a contributor to Bloomberg View. His latest piece looks at the Powerball craze