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:
Federal Budget Deficit
The deficit that occurs when the government's spending surpasses its income within a fiscal year.
Federal Budget Surpluses
Occurs when the government's revenues exceed its expenditures during a fiscal year.
Inflation Rate
The rate, shown as a percentage, at which prices for services and goods overall are climbing, causing the buying power to decrease.
American Farms
Agricultural enterprises operating in the United States, focusing on the production of food, feed, fiber, and other products.
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