Question 2: (24 points) Suppose that Martin owns a lottery ticket that yields a 1% chance of winning $1000, a 10% chance of winning $100, and a 20% chance of winning $10 (and otherwise he gets nothing). Suppose further that someone has offered to buy the ticket for an amount 2, and let > denote the amount such that Martin is indifferent between keeping the lottery ticket vs. selling it. (a) Suppose that Martin is a risk-averse expected utility maximizer. What can we conclude about his 21 Briefly explain your answer. (b ) Suppose that Martin behaves according to prospect theory, except that he has "(p) = p. What can we conclude about his 21 Briefly explain your answer. (c) Suppose that Martin behaves according to prospect theory, except that he has "(p) = p and he has no diminishing sensitivity. What can we conclude about his 21 Briefly explain your