My theory, when it comes to buying lottery tickets, is that if you have disposable income to spare, then often the dreams and fantasies that accompany your lottery ticket purchase are in and of themselves worth $1. This is true not because dreams and fantasies are wonderful amazing and valuable things, although they can be; it’s more true because $1 is a very small amount of money. All too many people spend a significant percentage of their disposable income on lottery tickets, and that is a tragedy.

Now Ian Bogost has come along with a similar theory, relating to Kickstarter. Funding projects on Kickstarter is in itself “another form of entertainment.”

{ Felix Salmon/Reuters | Continue reading | Thanks Rob }

photo { Joel Barhamand }

economics, ideas, technology | July 19th, 2012