Understanding the 'Powerball psyche'

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November 28, 2012, 8:08 am
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(NECN/AP) -  The record Powerball jackpot is now even bigger.

Powerball officials say they've boosted the jackpot for Wednesday's drawing to $500 million from the previously posted $425 million.

Huge ticket sales nationally are pushing the payout higher.

Dr. Ryan Madigan, Therapist at Boston University's Center for Anxiety and Related Disorders, joined "The Morning Show" to discuss the psychology of winning and wealth.

Dr, Madigan explained what drives people to buy tickets when there's such a slim chance of winning.

He also discussed how strong of an impact the desire for money has on the psyche and one's subsequent actions.

As great as winning $500 million may seem, Dr. Madigan says people should "be careful what they wish for".

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Tags: lottery, jackpot, Powerball, millions, the morning show, powerball jackpot, $500 million, powerball drawing, Dr. Ryan Madigan, powerball psyche
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