1. Decision Theory

2. 1.Riskiness measures and gambling wealth  Riskiness measures – the idea and description Aumann, Serrano (2008) – economic index of riskiness Foster, Hart (2009) – operational measure of riskiness  Buying and selling price for a lottery and the connection to riskiness measures Lewandowski (2010)  Two problems resolved by gambling wealth a)Rabin (2000) paradox b)Buying/selling price gap (WTA/WTP disparity)

3. Buying and selling price correspond to WTP and WTA notions respectively – mind WTA/WTP disparity

14. 1.Riskiness measures and gambling wealth  Riskiness measures – the idea and description Aumann, Serrano (2008) – economic index of riskiness Foster, Hart (2009) – operational measure of riskiness  Buying and selling price for a lottery and the connection to riskiness measures Lewandowski (2010)  Two problems resolved by gambling wealth a)Rabin (2000) paradox b)Buying/selling price gap (WTA/WTP disparity)

15. Two fallacies

18. Departing from consequentialism

22. Again – departing from consequentialism

23. Large buying/selling price spreads for small W