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The Luck of the DrawThe Role of Lotteries in Decision Making$
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Peter Stone

Print publication date: 2011

Print ISBN-13: 9780199756100

Published to Oxford Scholarship Online: May 2011

DOI: 10.1093/acprof:oso/9780199756100.001.0001

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Conclusion

Conclusion

Chapter:
(p.145) 7 Conclusion
Source:
The Luck of the Draw
Author(s):

Peter Stone

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199756100.003.0007

The final chapter of the book summarizes the book's argument. Lotteries, when they are desirable at all, are desirable because of their sanitizing effect. If there are no good reasons for making a decision, and potentially bad reasons, then lotteries (or some other sanitizing procedure) are desirable for good decision-making. If there are good reasons, and no danger of bad reasons, then lotteries are undesirable. If there are potentially both good and bad reasons, then lotteries may be desirable or undesirable, depending upon the seriousness of the risks and rewards involved. If there are neither good nor bad reasons, then lotteries are acceptable but serve no positive purpose. The application of this logic to real-world decisions can prove complicated, but the theoretical considerations involved are relatively simple.

Keywords:   lottery, decision-making, reason, risk

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