精选优质文档-倾情为你奉上第一章1. Differentiate the following terms/concepts:a. Prospect and probability distributionA prospect is a lottery or series of wealth outcomes, each of which is associated with a probability, whereas a probability distribution defines the likelihood of possible outcomes.b. Risk and uncertaintyRisk is measurable using probability, but uncertainty is not. Uncertainty is when probabilities cant be assigned or the possible outcomes are unclear.c. Utility fun
