I understand your point, but let me try to change how you see it…

The reference to the lottery is the same in game than IRL.
IRL, you get this feeling that you miss on something if you don’t buy your ticket.
Push it to a higher scale, you miss on something for every single ticket you don’t buy.
To a point where you could just buy all tickets, and end up winning!… only ~half of what what you spent.
Same reasoning goes with the logic of buying 1 ticket each draft.
If you skip one, sure you’ll get this feeling of missing out… what if this was the one?!
But it’s the same as buying all and still loosing in the end.
When you don’t buy, you win.
And not only you… the society wins…
Cuz if there is one big problem on Earth, it’s huge gaps in equality.
Lottery is only taking part in creating more of that.
You take away money from everyone who participates, you create 1 big winner, while lowering all the others, a new huge gap is created.
It’s like a voluntary tax, but instead of profiting the common well-being it creates problems.

Now… this is only a video game. But the exact same logic applies.
If you stop and ‘’buy a lottery ticket’’, by id’ing an orb with some 1 in a billion odds of being the jackpot, you just feed your FOMO.
This is not good for you. You could have just kept on going and find more items during that time with much better odds.

It’s not good, but it’s fun (subjective ofc).
If you can turn off this FOMO switch, then you can just tempt your luck whenever you feel like it, knowing that it’s not the best thing to do… but this is just a game after all, so if you have fun doing it, that’s all that matters.

I just created this new rule in my loot filter, including only the elusive high value magic items. Decided to call it FOMO haha, so I can now manually switch it on/off

Haha that is an interesting point of view.

It makes me think of how I quit on picking up pelts once I found a blue 5 nado, thinking back then "thats enough" until I started wanting to make myself a BO barb (I have found like 3 or 4 +5 rare BO helms) and thought to myself "it is not enough, I want the max BO, the 6 BO" - and SSF feels way better than bought, which motivated to get back onto pelts (I know how it can feel disconnected but it is kind of the same reasoning of buying all tickets or none).
For the orb section, beginning of D2R I found a 3 cold 20 fcr 3 blizz (or 3 orb I dont remember... makes quite the difference altho no mastery), but it is same, no mastery so... not good enough.

You know it feels like as long as I havent found the "good entry" I will always FOMO, and by "good entry" I mean the winning ticket, or so we could say, the perfect or almost perfect but good enough item.
And to that I want to add, odds are most likely way better for this kind of items, but I don't know a player who does not pick up charms (small and grand at least), and in the end, I would say it is the same. Just like the rares we pick, just like the griffons we ID. A lottery with less tickets and better winning odds, but still a lottery.
And what better feeling than to win this lottery that had 1 billion tickets ? Surely feels better than the 1 thousand tickets lottery (altho we could argue Griff in that case is a double lottery, first to drop it and then for the rolls).

And when you say "you could have just kept on going and find more items" that is correct but once you start to fill you Holy Grail and only a few items remain, you start to chase new items.
Back when I had never found a Shako, I didnt even know blue orbs could actually be of value, and if I did I might very well have started to pick em up, but I guess I would still have been waiting for that Shako to drop, because well... Green hat .

I will make the same rule, and give it the same FOMO name, it resonates to me, I could very well never use it but thinking through what you say makes sense, even if it may look like I am strongly resisting.