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Consider the following two decision-making scenarios:Scenario 1: You receive $100, and then choose between:A) A sure loss of $75;B) Gambling with 75% chance to lose $100, and 25% chance to lose nothing.Scenario 2: Choose between:C) A sure win of $25;D) Gambling with 25% chance to win $100, and 75% chance to win nothing.What would you predict about people’s preferences in these two scenarios: would most people prefer one of the options, or people would prefer them equally,
in writing a paper about all three of them individually identify the consequences of the actions taken and then
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