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[12. For each of the following scenarios, determine whether the decision maker is risk neutral, risk averse, or risk loving. i] A manager prefers a
[12. For each of the following scenarios, determine whether the decision maker is risk neutral, risk averse, or risk loving. i] A manager prefers a 20 percent chance of receiving 51,400 and an 80 percent chance of receiving $500 to receiving $680 for sure. ii) la shareholder prefers receiving $920 with certainty:r to an 80 percent chance of receiving $1,100 and a 20 percent chance of receiving S200. iii} A consumer is indifferent between receiving $1,360 for sure and a lottery that pays $2,000 with a 60 percent probability and 5400 with a 40 percent probability
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