There are three outcomes {6, m, h} in an environment where EUH is satisfied. The VNM utilities are ve=0, v = 1 and Um is some number strictly between 0 and 1. The right angled triangle with the thick outline shows the set of all possible lotteries. 0 Pin Figure 2. a. The steeper broken line depicts a typical indifference curve. b. The flatter broken line depicts a typical indifference curve. c. Indifference curves cannot be straight lines. d. Whether an indifference curve is a straight line depends on the value of pe