A Note on Mixture Sets in Decision Theory.

Mixture sets were introduced by Herstein and Milnor (1953) into decision theory, where they are still widely used. This note clarifies the formal connection between mixture sets and convex sets. The results suggest that the former concept might be unnecessary for decision- theoretic purposes.

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Year of publication:	1996
Authors:	Mongin, P.
Institutions:	Center for Operations Research and Econometrics (CORE), École des Sciences Économiques de Louvain
Subject:	THEORY \| MATHEMATICS

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Series:	Papers.
Type of publication:	Book / Working Paper
Notes:	9 pages
Classification:	C00 - Mathematical and Quantitative Methods. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005478938