This past December 17th, I saw a headline in my local paper which stunned me with the level of irresponsibility it displayed. Back then the Powerball lottery was getting a lot of attention because the jackpot was up to a potential $25 million, and when such numbers start getting thrown around, people’s critical thinking skills go right out the window. And it doesn’t help when the media joins the chorus of unreason…
First, there is the fallacy that when the jackpots are high, more people play because they “feel lucky that they’re going to win the BIG one!” Of course, when more people play the lottery it actually decreases the odds that any specific person will win, yet this doesn’t stop the gullible from scarfing up the lottery tickets.
Then, there’s this horrible headline:
Wanna win Powerball? Try these numbers
For 13 years, a red ball with the number “20” printed on it has been whirling around with its numerical counterparts in an enclosed Powerball kettle waiting to potentially make someone a millionaire. That No. 20 red ball has made its way out of the kettle 49 times, the most of any of the numbered balls. No. 20 also is the second most common number on the five white balls that are selected in each Powerball drawing as well, behind 26 and ahead of 32, 16 and 42, a Daily Herald analysis of the numbers shows. …
This headline and the leading paragraphs of the article play directly into the gambler’s fallacy of “lucky numbers” – in reality there are no more or less “lucky” numbers. In fact, the past performance of the lottery is in no way, shape, or form a predictor of the next random drawing of numbers. The article cited above actually does attempt to be at least marginally responsible by interviewing a mathematician, though their discussion is buried in the article…
… While some gamblers may see that information as an edge, mathematicians and oddsmakers say it’s all just luck.
“The numbers and the pingpong balls have no memory,” said Jeff Bergen, a mathematics professor at DePaul University. “So whether a given number has come up once or twice or 10 times or never, it is no more or less likely to come up today than any other number.” …
04-11-19-33-43 and 14 as the Powerball
You have much better chances of most things than of winning the lottery–getting struck by lightning, dying in a plane or car crash, etc. The odds are astronomically low of winning the big prize. Invest that money instead, and you’d end up with far more in the long-term, even with the low interest rates.