Comparing a Lottery Where a $1 Ticket Purchases a Chance

Comparing a lottery where a $1 ticket purchases a chance to win $1 million with another lottery in which a $5,000 ticket purchases a chance to win $5 billion, we notice many people would participate in the first but not the second, even though the odds of winning both lotteries are the same.We can perhaps best explain this outcome by:

A) Higher expected value for the lottery paying $1 million
B) Higher expected value for the lottery paying $5 billion
C) Lower value at risk for the lottery paying $1 million
D) Higher value at risk for the lottery paying $1 million

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