Chance Quotes
That the chance of gain is naturally over-valued, we may learn from the universal success of lotteries.
"That the chance of gain is naturally over-valued, we may learn from the universal success of lotteries."— Adam Smith
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Meaning of this quote
Lotteries illustrate how people may overestimate their chances of a large gain.
Key takeaway:
Compare attractive possibilities with their actual probabilities.
Origin of the quote
The Wealth of Nations (1776)
Who actually said this?
VerifiedWording located in the primary text; capitalization and punctuation may vary.
Source:
The Wealth of Nations (1776)
