cements D Question 16 1 pts ents ions Consider the following statements: 1. The certainty equivalent is something specific to the lottery, but it does not depend on the utility function of the individual considering the lottery. II. If there are two options with the same expected value, but one is more risky than the other, a risk-averse agent will prefer the less risky one. S Ill. The degree of risk aversion is intrinsically orations linked to the curvature (second derivative) of the instantaneous utility function u (W). Drive Gallery No statement is correct. dia Only ! is correct. More than one statement is correct. Resources Only Ill is correct. scope Only II is correct. Store Course ials MAR 15 MacBook search or type U