Spinu, V.

prospect probability utility preference outcome theory theorem condition lottery function wakker decision event result prospect theory value fishburn belief section foundation additive proof model distribution uncertainty countably additive lotteries domain example preference conditions dominance journal additivity equation preference foundation axiom r 5 0.5 0.5 state continuity interval problem countably countable additivity preference foundations representation correction appendix measure university tversky wiley application schmeidler assumption comonotonic paper weighting kopylov space finitely event e probability r figure ð r þe weather forecaster degree lemma theorem 5 analysis integral preference relation contradiction kahneman latter objective probability p equivalence rain tomorrow pt representation risk aversion j risk