#$1.$ You are given the following two choices:

$($A$)$ Receive $$900$ without engaging in a gamble

$($B$)$ Engage in a gamble where there is $60\%$ chance you will lose $$1,000,$ and $40\%$ you will gain $$3,000$

Which of the above two options will you choose?Why?

#$2.$ David made $$5,000$ in the last three months, and Cathy made $$1,000$ during that same period, in their investments, respectively.

Can you tell who did a better job in their investments? Why or why not?

#$3.$ Kurt made $5\%$ return, while Gene made $8\%$ return, respectively, in the last three months from their investments.

$1.$ Do you agree with the following statement "Gene performed better than Kurt in their investments in the last three months"?

$2.$ Why or why not? Please specifically state your reason.