A Note on Mixture Sets in Decision Theory

Philippe Mongin

No 1996008, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: 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.

Date: 1996-03-01
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Related works:
Journal Article: A note on mixture sets in decision theory (2001)
Working Paper: A note on mixture sets in decision theory (1997)
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