In Line for the Big Prize

This is some of the line early this afternoon to play the lottery at Gold Ranch.
There is an interesting phenomenon in human behavior in the way we take to something new; it is sometimes described in social literature in relative terms – early and later adapters.  Some people are risk takers and jump right into new things, technology, exploration of continents and space or trends in art – the rest and that is the majority of us, wait until those early adapters test things out for us; and then we start to move in, slowly at first, but as more and more people join in the rate of joining increases until it is a flood.  That appears to be the safe way and usually is, but not always; take those who waited until 2008 before buying a house, investing in stocks or anything else.  By the time the late adapters were buying houses at rates never before seen the bubble was getting ready to burst.  So, late adapters risk being too late to adapt, I waited for a long time before buying my first video recording and playing device – and then bought beta technology.  Late adapters also forfit the opportunity for the profits the early adapters rake in, that is when they were right, lots and lots of investors made money  in the period leading up to the economic meltdown, and mostly the early adapters make their money from the late adapters.

This is really just an update on the lottery mega-jackpot and not an update on technology, investing or the economy – the jackpot is nearly $300 million right now going into the drawing on the 4th of January.  All of the states involved – 41 – are hoping it does not hit next time either – because each time it does not hit and the jackpot increases the number of people buying tickets and therefore amount of money going to each of the states.  The lines are longer and longer, not quite as long as the odds, but nearly. However in wagering that is one thing that stays constant – the odds of any one event occurring do not change because more people wager. What a way to start a new year – winning 300 million dollars – unfortunately for me, it requires a ticket and I am a very slow adapter and have yet to purchase my first lottery ticket. I wish  my father and his brothers were still alive, they used to put together a little pool of money and send someone to California to buy tickets – that I would love do – not for the ticket, but for the chance to do something with my father – who died 11 years ago in December.


1 Response to “In Line for the Big Prize”

  1. 1 Lynne Rosner January 1, 2011 at 12:48 pm

    I’m sorry for you to hear about your Dad.

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January 2011
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