4. Consider the four lotteries below. Exactly one winning ticket, out of 100, will be drawn in each lottery. Ticket #1 Ticket #2-20 Ticket #2 1 - 100 Lottery A $2 million $2 million $2 million Lottery B $0 $15 million $2 million Lottery C $2 million $2 million $0 Lottery D $0 $15 million $0 (a) Without any computations, What is your personal preference between A and B? Between C and D? (In experiments, most folks prefer A over B and D over C.) (13) Now compute the expected monetary value (EMV) of each lottery. Which of A and B has the higher EMV? Which of C and D has the higher EMV? (c) Did these calculations make you change your mind? If so, why