A person is trying to decide if they should buy a lottery ticket. The ticket costs $2.00. If the ticket is a winner, the prize would be $1,000. Knowing that winning $1,000 is not a certain outcome (state of nature) , the person finds that the probability of winning is 0.001. Based on this information, the following payoff table can be constructed: 
What is the decision using a maximin approach?
Definitions:
Culture-Bound Disorders
Mental disorders or syndromes that are considered to be limited or prevalent to specific cultural or socio-cultural groups.
Latin America
A geographic and cultural region consisting of countries in Central and South America where Romance languages (primarily Spanish and Portuguese) are spoken.
Ataque De Nervios
A cultural syndrome associated with Spanish-speaking populations, characterized by symptoms of intense emotional upheaval, anxiety, and sometimes uncontrollable shouting or crying.
Dissociative Disorder
A mental health condition marked by a disconnection and lack of continuity between thoughts, memories, surroundings, actions, and identity.
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