Showing posts with label stupidity. Show all posts
Showing posts with label stupidity. Show all posts

Saturday, October 02, 2010

Lotteries: a tax on those with poor mathematical skills

A Lottery is a Taxation,
Upon all the Fools in Creation;
And Heav’n be praised,
It is easily raised,
Credulity’s always in Fashion:
For, Folly’s a Fund,
Will Never Lose Ground,
While Fools are so rife in the Nation.

- Henry Fielding, "The Lottery", 1731.

Here is an incredibly depressing lottery simulator for the popular US "Mega Millions" Lottery. You can pick your numbers and simulate playing twice a week for ten years. It would cost you $1040 to do this. I did it and managed to "win" back $77 of my investment.
H/T Milan.

Friday, March 19, 2010

"Mmm, forbidden doughnut": craving and myopia

Homer Simpson once sold his soul to the Devil in exchange for a doughnut.* Those who've seen the classic episode know that Homer in his hunger immediately scoffs most of it, before realising at the last moment that as long as he leaves the final bite uneaten, he gets the best of both worlds: most of a donut and his soul. However, during a sleepy trip to the fridge for a midnight snack, Homer can't help himself and gobbles the remaining morsel, saying "mmm, forbidden doughnut".** Then, of course, all hell breaks loose.
*I could post the clip of "The Simpsons - Donut Hell" from YouTube, but assume it breaches copyright, so I won't.
**He actually says "mmm, forbidden donut", but I thought I would translate for my non-US readers.


Homer's short-sighted stupidity - first in making the deal, then in sealing his own fate despite knowing how to avoid it - is funny because it's true. We make shortsighted decisions knowing that they are shortsighted and will eventually come back to bite us, but, in the moment of decision, the immediate gratification surpasses the longer term consequences.

Now, where's that sashimi?