A person is trying to decide if he or she 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: 
Based on the expected monetary value of buying a ticket,what is the best decision?
Definitions:
Pleasure
A feeling of happiness, enjoyment, or satisfaction derived from an experience or activity.
Alcohol
A psychoactive substance found in drinks such as beer, wine, and spirits, known to alter mood and behavior.
Marijuana
A psychoactive drug from the Cannabis plant used for medical or recreational purposes.
Major Depression
A mental disorder characterized by persistent sadness, loss of interest in enjoyable activities, and a variety of emotional and physical problems.
Q10: Consider a hedge fund with $400 million
Q13: You manage $15 million hedge fund portfolio
Q25: Initial margin is usually set in the
Q32: The national sales manager for "I colored
Q34: Firm A acquires Firm B when Firm
Q47: What is the contribution of asset allocation
Q49: The Consumer Price Index is _.<br>A)an annual
Q54: The financial statements of Burnaby Mountain Trading
Q58: The national sales manager for "I colored
Q72: To apply the Kruskal-Wallis test,the samples selected