A person is trying to decide if they should buy a lottery ticket. The ticket costs $1.00. If the ticket is a winner, the prize would be $10,000. Knowing that winning $10,000 is not a certain outcome (state of nature), the person finds that the probability of winning is 0.0009. Based on this information, the following payoff table can be constructed. 
What is the decision using a maximin approach?
Definitions:
Stress
A physical, mental, or emotional factor that causes bodily or mental tension, which can be from events that make you feel frustrated, angry, or nervous.
Negative Emotions
Feelings that are perceived as unpleasant or harmful, such as sadness, anger, fear, or frustration.
Psychological Distress
A general state of emotional suffering or discomfort often characterized by symptoms of anxiety or depression, without a specific underlying medical condition.
Life Changes
Significant transitions or alterations in an individual's circumstances, which can impact their lifestyle, relationships, or mental health.
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