A decision maker can have $$10,000$ profit with certainty or the following risky bet: $$12,00090\%$ of the time or $$2,00010\%$ of the time. She is indifferent between the two. What is the relationship between $$10,000$ and the bet?

Select one:

a$.$ $$10,000$ is the expected utility of the bet.

b$.$ $$10,000$ is the certainty equivalent of the bet.

c$.$ $$10,000$ is an outcome of the bet.

d$.$ $$10,000$ is the expected value of the bet.

$$ Ch$.16$ slides $>$