Reference Lecture 20: more than a question for the board here but a comment. As for an empirical look at Lottery spending, the easiest way to look at them is to follow the dollars. Where are most of the tickets bought/sold. Convenience or Liquor Stores? The substitution is 6 pack mass produced beer, 6 pack craft beer and an 18 pack if you win the lottery. The first substitution down is easy to justify with the large marginal utility gains of winning.

Question

Reference Lecture 20: more than a question for the board here but a comment.  As for an empirical look at Lottery spending, the easiest way to look at them is to follow the dollars.  Where are most of the tickets bought/sold.   Convenience or Liquor Stores?  The substitution is 6 pack mass produced beer, 6 pack craft beer and an 18 pack if you win the lottery.  The first substitution down is easy to justify with the large marginal utility gains of winning.