Assume there is a new online game where participants can bet on the coin toss that takes place at the start of the Sugar Bowl. There is no entry fee, a participant wins $100, if he picks the team that wins the pregame coin toss. The participant loses $110 if he loses the pregame toss. Assume a fair coin is used. Which of the following is false?

a. The expected value to a participant playing the game is losing $5. Therefore only risk seeking participants will play the game.

b. The expected value to a participant playing the game is losing $5. Therefore risk averse players will not play the game

c. Risk neutral participants would not be willing to play the game.

d. A risk averse person might be willing to play since the dollar amount of the expected loss is small.

e. A risk neutral person would have to be paid $5 to play the game.