Earlier quoted context omitted.
The vast, vast majority of people that have gambling problems aren't making rational financial decisions like this. They're doing a habitual activity that is reinforced by bad actors trying to extract as much money from them as possible. This is especially noticeable with "traditional" offline gambling and lotteries - lower income people play them habitually from a kind of learned helplessness, not as a rational fina…
Sure, seems likely in a lot of cases. But if the starting point is talking about someone who makes chronically irrational decisions then life is going to seem a bit hopeless. The issue isn't as much they're giving up as it is that they aren't making rational decisions. Thread ancestor was saying "Gambling thrives in contexts where a ladder to success doesn’t exist or is perceived as not existing". And I think that th…
You are not saving up to improve your life because the savings rate is too small to effectively matter. And all the savings you muster can be wiped out by, well, any extra expense. Car breaks down, medical copay, kid needs clothes due to a growth spurt, bank fees, etc.
If any chance event will break you, it is not entirely illogical to lean on chance to save you.
If you don't see light at the end of the tunnel, or you think that light is an oncoming train, you are not going to "act rationally" for arriving at the end of the tunnel.