Wilma is not risk averse. She is offered a chance to pay $10 for a Wilma is not risk averse. She is offered a chance to pay $10 for a lottery ticket that will give her a prize of $100 with probability 0.05, a prize of $50 with probability 0.1, and no prize with probability 0.85. If she understands the odds and makes no mistakes in calculation, will she buy the lottery ticket? Explain. Business Economics Microeconomics ECON 100A
