8. Consider the following statements about choice under uncertainty: (I) We always assume that, when faced with uncertainty, individuals choose the option with the highest expected monetary value. (II) A risk-averse individual would never make any gamble; they are only willing to accept certain outcomes. (III) Two individuals are faced with the same investment problem: either invest $1,000 in a risky bond that has positive expected return, or not invest. If these individuals have the same utility function over final wealth, they will make the same choice, regardless of whether their initial wealth is the same or not. (a) None of the statements is correct. (b) Only (1) is correct. (c) Only (II) is correct. (d) Only (III) is correct. (e) More than one statements are correct