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5. Mr. Smith must choose between the following two canonical lotteries: l1 2 {(0.2 : c1), (0.3,cz), (0.4,03), (0.1 : C5)}, [2 = {(0.25 :

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5. Mr. Smith must choose between the following two canonical lotteries: l1 2 {(0.2 : c1), (0.3,cz), (0.4,03), (0.1 : C5)}, [2 = {(0.25 : (:1), (0.45, c3), (0.3, (21)}. After due consideration Simth has expressed his preferences for consequences by the following assertion: 61 > 02>03>C4>C5, (:3 ~ {(0.6 : c1), (0.4 : (35)}, c2 ~ {(0.75 : (:1), (0.25 : c3)}, (:4 N {(0.5 : (:3), (0.5 : 05)}. The subscript 3 in the last two of these statements is not a misprint. Which of the two lotteries should Smith choose

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