a$)$ Which Investment Vehicle should be selected using the EMV approach?

b$)$ What is the value of this approach?

$\backslash$table$[[,$Investment Decisions and Payoffs$],[\backslash$table$[[$Investment$],[$Vehicle$]],\backslash$table$[[$Large Gain$],[$in Market$]],\backslash$table$[[$Small Gain$],[$in Market$]],\backslash$table$[[$No Change$],[$in Market$]],\backslash$table$[[$Small Fall$],[$in Market$]],\backslash$table$[[$Large Fall$],[$in Market$]],],[$Gold$,-1,000,1,000,2,000,3,000,0,],[$Bond$,2,500,2,000,1,500,-1,000,-1,500,],[$Stock$,5,000,2,500,1,000,-2,000,-6,000,],[$C$/$D $($Fix$),600,,,,,],[$Probability$,0\mathrm{.}2,0\mathrm{.}3,0\mathrm{.}3,0\mathrm{.}1,,]]$