Dear Economist: Is my dream win worth a lotto punt?

In Holland we’ve got a “postcode-lottery”: every month, people living in a certain postcode win – provided, of course, that they’ve bought a lottery ticket.

As a rule, I don’t buy lottery tickets. The chances of winning are small. In my view you only pay for the privilege to dream about what you would do with money you are never going to have in real life. And I don’t know about you, but I can dream for free.

But lately I’ve started dreaming (well, it’s more like a nightmare) that my zip-code wins the lottery, so my neighbours become millionaires and I miss out on all the money.

What should I do? Join the herd and start buying tickets every month?

Rob Voorwinden, the Netherlands

The answer to this question can be read here. Please post comments below.

Tim Harford’s blog

This blog is no longer updated but it remains open as an archive.

Tim, also known as the Undercover Economist, writes about the economics of everyday life.