What Are the Benefits and Disadvantages of Playing the Lottery?

The concept of lottery is not new. It dates back to the Chinese Han Dynasty and was later used to fund projects in the American colonies. Despite the fact that it is a form of gambling, it has important uses in decision-making situations, such as allocating scarce medical resources. Nevertheless, it can be highly addictive… Read more What Are the Benefits and Disadvantages of Playing the Lottery?

The History of the Lottery

The lottery dates back to the early 1600s, when King Francis I of France discovered them while touring Italy. In 1539, he authorized the first lottery in France, called Loterie Royale. The edict authorized this project, but the results were a dismal failure. The tickets were too expensive, and the social classes opposed the new… Read more The History of the Lottery