9. Investment Alternatives. A firm has three investment alternatives. Payoffs are in thousands of dollars. a. Using the expected value approach, which decision is preferred? b. For the lottery having a payoff of $100,000 with probability p and $0 with probability (1p), two decision makers expressed the following indifference probabilities. Find the most preferred decision for each decision maker using the expected utility approach. c. Why don't decision makers A and B select the same decision alternative? 9. Investment Alternatives. A firm has three investment alternatives. Payoffs are in thousands of dollars. a. Using the expected value approach, which decision is preferred? b. For the lottery having a payoff of $100,000 with probability p and $0 with probability (1p), two decision makers expressed the following indifference probabilities. Find the most preferred decision for each decision maker using the expected utility approach. c. Why don't decision makers A and B select the same decision alternative