Question: Question 4 Hot yet Suppose my utility function for asset position is given by f(x)=x2. I now have $20,000 and am considering the following twa

Question 4 Hot yet Suppose my utility function for asset position is given by f(x)=x2. I now have $20,000 and am considering the following twa lotteries: L1. With probability 1,1 lose $1,000. L2 : With probability 9,1 gain $0. L2 : With probability ,1,1 lose $10,000. Determine which lottery I prefer. a. I prefer lottery L2 b. Sometimes I prefer lottery L1 and sometimes I prefer lottery L2 c. I don't lake both lotteries d. I prefer lottery L1

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