Question: suppose my utility function for asset position is given by Max I now have $20000 and am considering the following wo lotteries: Lii With probablity

suppose my utility function for asset position is given by Max I now have $20000 and am considering the following wo lotteries: Lii With probablity lose $6000! L2. With probability 0.6, I gain 30, and with probability 0.4 lose $10000 What is expected utility of Li and L23 Determine whioh lottery. I prefer based on pls terion (25 Select one a. Expected utility of L1=9,072. Expected otility of L2=8987. Las preferred b. Expected whility of L1=8.987. Expected unity of L2=9.072.12 is preferred 10. Expected unity of L1=9.547. Expected utility of 129.626. Preferred . Expected utiity of L1=9.626. Expected utiity of L2=1547 Liis preferred e. Expected utlity of L1=9.834. Expecred usility of L2=9.852, L2 is preferred. Expedtec Whility of L1=9.852. Expected utility of 12=9.834. Li is preferred

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