For each of the following scenarios, determine whether the decision maker is risk neutral, risk averse, or risk loving: a. A manager prefers a 20% chance of receiving $1,400 and an 80% chance of receiving $500 to receiving $680 with certainty. b. A shareholder prefers receiving $920 with certainty to an 80% chance of receiving $1,100 and a 20% chance of receiving $200.

c. A consumer is indifferent between receiving $1,360 with certainty and a lottery that pays $2,000 with a 60% probability and $400 with a 40% probability.