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.
(This abstract was borrowed from another version of this item.)
Volume (Year): 24 (2001)
Issue (Month): 1 (05)
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