Please help

ces serves Consider the following outcomes: 81= going on a cruise in the Mediterranean Proctor 82= a grade of A+ in this class 83= $1000 84= dinner with a CEO Parker says that his ranking of the outcomes is: g1 > g2 > 83 > 84 but that he is indifferent between (82, 1) and (81, 84, 0.8) as well as between (83, 1) and (81, 84, 0.5). So, assuming this satisfies the axioms of expected utility theory, which lottery (A or B) will he chose? (Hint: Normalize his utility function to U(81) = 1.) Lottery A Lottery B Asset Probability Asset Probability 91 1/8 91 1/5 92 2/8 92 3/5 93 3/8 93 1/5 gA 2/8 Parker prefers Lottery B to Lottery A. Parker prefers Lottery A to Lottery B. Parker has no preference because A = B