In addition to whatever you own, you have been given $2000. You are now asked to choose between: 1. A 50% chance of losing $1000 2. A sure loss of $500 a. Use Google Sheets to compute the expected value of Lottery 1? (Don't forget to include the initial $2000 so the outcomes for lottery 1 are either $1000 or $2000) b. Use Google Sheets to compute the expected value of Lottery 2? 0. Does Expected Value Theory have a preference between the two lotteries? d. Is that preference risk averse, risk seeking or risk neutral? 9. Do you notice any similarity between this survey question and the previous one