Consider again the scenario from the previous question: You decide to auction off some art you've done for charity. People at this auction bid in certain denominations only, so there are only four possibilities for the price your art might get. Those are listed in the table below, along with the probability of each of them happening. Outcome Price Probability A $0 20% B $100 40% C $200 ? D $500 10% Let's call the above auction Auction A and say you calculate the standard deviation of this data to be about $136. Compare this to another, competing auction (Auction B) for which another economist has already run the data. They come up with the same expected value you did, but a variance of $15,400. [ Select ] is the riskier situation ("bet") because [ Select ] has a lower standard deviation