December 8, 2023

A rumor is a false or unsubstantiated report that spreads quickly in a group of people. The origin of the word rumor is uncertain, although many scholars believe that it comes from Latin and means “common talk.” Rumors can be about anything from a celebrity sighting to a workplace scandal. Regardless of their source, rumors…

Amid the tidal wave of publicity about the sleazy practices of lotteries, one thing has been overlooked: that the lottery is a very poor way to raise money for public purposes. It’s a classic case of the law of diminishing returns. When the prize pool grows larger, it becomes harder and more expensive to fill…