We design hypersequent calculus proof systems for the theories of Riesz spaces and modal Riesz spaces and prove the key theorems: soundness, completeness and cut elimination. These are then used to obtain completely syntactic proofs of some interesting results concerning the two theories. Most notably, we prove a novel result: the theory of modal Riesz spaces is decidable. This work has applications in the field of logics of probabilistic programs since modal Riesz spaces provide the algebraic

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... emantics of the Riesz modal logic underlying the probabilistic mu-calculus.