Question: For Problems 1 and 2. answer whether or not the statement is True (T) or False (F), and provide an explanation (example) of why your

For Problems 1 and 2. answer whether or not the statement is True (T) or False (F), and provide an explanation (example) of why your answer is correct. Problem 1. (T/F) Most of gambling or lottery have negative expected returns. However, there are a lot of) people who play the game. This implies that these people are not risk-averse Problem 2. (T/F) Other things equal, an investor would prefer a steeper-sloping Capital Allocation Line (CAL)

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