Fred is willing to pay $1 for a lottery ticket that has an expected value of zero. This proves that Fred| ?

I am not a gambler, however I am willing to pay a $1 or $2 for the risk of loosing.

However if I loose our children have won ... the State Lotteries fund college funds which pays tuition and some of the books needed ... at least that way children with a3.0 average can attend school and get a better education... so I do chose option D)  and every one has there own perspective on this issue 

The answer is : Option ( D )

d. None of the above is correct>>>>>>>>

Agree with the given answers

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(d) None of the options is the correct answer

I agree with D. He is not risk averse.He is not risk neutral and certainty coefficient is not equal to one. Hence none is correct.

Option (D) None of the above is correct

1. The correct answer was: d. None of the above is correct.. None of the above is correct.