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The Uncertainty Principle in Lottery

A lottery is basically a form of betting that involves the picking of particular numbers for a particular prize to be won in the lottery game. Though some governments ban lotteries, others endorse it as much as possible, even to the extent of designing a state or national lottery. Generally, it is quite common to see some level of regulation of lottery at the national level. In the United States for example, lotteries are operated by state Lottery Commission and its enforcement is subject to the provisions of the lottery laws. There are states where lotteries are banned altogether and in such states the lottery commission has no powers to regulate the activities of lotters.

If we want to study the relationship between the lottery and the Uncertainty principle then the first thing that needs to be studied is the concept of expected utility. According to this principle, if a person uses a certain action for getting certain results then the expected utility is certain. If we study this law with the help of lottery then we will find that people in lotteries often do the things which are not really required for winning the lottery. The reason behind this is that people feel that they have an “expectation of winning” and hence they tend to play more frequently than necessary.

Another factor that enhances the Uncertainty principle in the case of lotteries is the absence of knowledge of the statistics of lotteries. No one really knows how many lotteries are actually run in any given day, number of winning numbers and the frequency of their distribution. All this information is completely hidden from the casual observer. Hence we can say that the Uncertainty principle is quite deep rooted in our minds and results in us playing more than what is actually necessary.