- This week's estimated Powerball jackpot of $800 million is biggest U.S. jackpot ever
- George Loewenstein: But buying a Powerball ticket is, as most people realize, a terrible deal
George Loewenstein is the Herbert A. Simon University Professor of Economics and Psychology at Carnegie Mellon University and co-director of the Center for Behavioral Decision Research at CMU. The views expressed are the writer's own.
(CNN)In "Austin Powers," Dr. Evil, unfrozen after 30 years, schemes to steal a nuclear warhead and hold the world ransom for ... ONE MILLION DOLLARS! His subordinate delicately informs him that "a million dollars isn't exactly a lot of money these days."