many people who win high payouts in the lottery often do a poor job of investing their winnings. The same beliefs that led them to buy hundreds of lottery tickets are reinforced when they win the lottery. That is, they make irrational investment decisions, hoping again that luck—rather than their skill and intelligence—will make them richer. That’s why they plunge into questionable schemes. They don’t have the base belief that they can succeed on their own, so they rely on luck.
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