9I adeyD Ko1 pauajaud 1ou g axv pue uaamnaq aouaajj!pu! &~/ 9o1 pauejaud a</ :uonenoN d-I [a‘(d-)yd=Tu4o7 d s3zIμduIeμeoun yaIM suoI1ens3！‘s3μo1pue（3a‘/）s3zud8 uowe s3 sooy1ue8euV seoualojeldPreferences situations i.e., , lotteries and etc.) , B, A( rizes p among oses cho agent An rizes p uncertain with ] B,) p − (1 ; A p, [ = L Lottery L p 1−p A B Notation: B to referred p A B  A B and A een wet b indifference B ∼ A A  A to referred p not B B ∼ 3 16 Chapter