2. Here are three lotteries played by three individuals that all cost $100. Can you tell...

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2. Here are three lotteries played by three individuals that all cost $100. Can you tell whether someone playing it is likely to be risk-neutral, risk-seeking or risk-averse? These specify the payoffs when the player wins and loses. 1)Win: 50% chance of winning, gets $150, 50% chance of losing, gets 0$; 2)Win: 50% chance of winning, gets $150, 50% chance of losing, gets $50; 3)Win: 20% chance of winning, gets $450, 80% of losing: gets $0. which one of these individuals is more likely to pursue entrepreneurship? Briefly explain why. 2. Here are three lotteries played by three individuals that all cost $100. Can you tell whether someone playing it is likely to be risk-neutral, risk-seeking or risk-averse? These specify the payoffs when the player wins and loses. 1)Win: 50% chance of winning, gets $150, 50% chance of losing, gets 0$; 2)Win: 50% chance of winning, gets $150, 50% chance of losing, gets $50; 3)Win: 20% chance of winning, gets $450, 80% of losing: gets $0. which one of these individuals is more likely to pursue entrepreneurship? Briefly explain why.