Expected utility theory on mixture spaces without the completeness axiom
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DOI: 10.1016/j.jmateco.2021.102538
Abstract: A mixture preorder is a preorder on a mixture space (such as a convex set) that is compatible with the mixing operation. In decision theoretic terms, it satisfies the central expected utility axiom of strong… read more here.
Keywords: mixture preorder; continuity; mixture; mixture preserving ... See more keywords