individuals with initial wealth $100 an; differe -.. preferences over risk are considering purchasmg lottery ticket for $10. The lottery pays $20 WIth 50% probability, and nothing otherwise. Cons\" .2\"? the following statements: l. The certainty equivalent of this gamble IS higher for the risk-averse individuals, compared Drive . - to risk~neutral individuals. ' 3- II. The expected wealth after purchasing the ticket' Is higher than without purchasing it. Sal'lery dia _ ' ill. The certainty equivalent of purchasing the - ' ' ' 7 lbttery ticket Is $100 for riskvneutral individuals. Resources ~' - '- * M" " \"*- - - _c_2_,_ - p 0 Only I is correct. _ Cope . . I , . . ....... .7 .. ._ ,_. _ - 7- ,J_,_,, 7 (\". ' O No statement is correct. 0 Only III is correct ements ents Individuals with initial wealth $100 and different ns preferences over risk are considering purchasing a lottery ticket for $10. The lottery pays $20 with 50% probability, and nothing otherwise. Consider the following statements: I. The certainty equivalent of this gamble is higher for the risk-averse individuals, compared to risk-neutral individuals. Il. The expected wealth after purchasing the ticket is higher than without purchasing it. Ill. The certainty equivalent of purchasing the lottery ticket is $100 for risk-neutral ations individuals. Drive Gallery O Only I is correct. dia No statement is correct. Only Ill is correct. Resources More than one statement is correct. Only II is correct. cope Store Course als MAR 8 15 MacBook Search or type U