Given an initial wealth, w, and an uncertain deal, how many of the following must be true if you are a logarithmic decision maker? I. The PIBP of the deal (if you do not own it) is equal to the PISP...

Given an initial wealth, w, and an uncertain deal, how many of the following must be true if you are a logarithmic decision maker?

I. The PIBP of the deal (if you do not own it) is equal to the PISP of the deal if you owned it and have (in addition) a wealth w.

II. If you buy the deal at your PIBP, your PISP for the deal will be equal to the PIBP at which you bought it.

III. The PIBP of two deals is equal to the sum of PIBPs of the individual deals.

a. 0

b. 1

c. 2

d. 3