Question $16(5$ points$)$

Suppose you have three investment options: Option $1($high$-$risk stock$),$ Option $2$

$($low$-$risk stock$),$ and Option $3($savings account$).$ The payoffs for each option depend

on the market condition: "Market is Up$,"$ "Market is Flat," and "Market is Down," each

with specific probabilities.

What is the the value of information about the market condition before making an

investment decision?