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 maximax or optimistic approach?
Definitions:
Abilities
The range of skills, talents, or competencies that an individual possesses, which can be developed through practice and learning.
Achievements
The successful completion of tasks, goals, or challenges, often recognized by awards or other forms of acknowledgment.
Psychosocial Conflict
In Erikson's theory, a crisis or challenge affecting the social and psychological aspects of one's life at different stages of development.
Erikson
Refers to Erik Erikson, a psychoanalyst known for his theory on the psychosocial development of humans, suggesting that individuals go through eight stages from infancy to adulthood, with each stage presenting a unique challenge or crisis.
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