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2. (4 pts) Coin flips and risk: Suppose you gave Jane a choice between two options. Under option A, Jane flips a coin, and gets
2. (4 pts) Coin flips and risk: Suppose you gave Jane a choice between two options. Under option A, Jane flips a coin, and gets $24 if heads, and $12 if tails. Under option B, Jane flips a coin, and gets $6 no matter what side the coin lands on. Jane decides to go with option B. Can we conclude that Jane is risk-loving? Explain why, or why not. (If you conclude there is insufficient information to ascertain whether or not Jane is risk-loving, explain why.)
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