Back to mwG and the more formal treatment MWG Definition 6.B. 1 A simple lottery L is a list L=(pl,pN) with Pn>0 for all n and>pn=l where pn n=1 is interpreted as the probability of an outcome n occurring A simple lottery is a point in the n-1 dimensional simplex, i.e. the set △ P∈界.x4 ∑PnBack to MWG and the more formal treatment MWG Definition 6.B.1: A simple lottery L is a list L  p1,...pN  with pn  0 for all n and  n1 N pn  1 where pn is interpreted as the probability of an outcome n occurring. A simple lottery is a point in the N  1 dimensional simplex, i.e. the set   p   N :  n1 N pn  1