Expected utility theory on mixture spaces without the completeness axiom (Q2057258)
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English | Expected utility theory on mixture spaces without the completeness axiom |
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Expected utility theory on mixture spaces without the completeness axiom (English)
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9 December 2021
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This paper studies mixture spaces. A concept of countable domination which constrains the order complexity of the mixture preorder in terms of its Archimedean structure is built. It is shown, that, if in conjunction with countable domination, mixture continuity is sufficient for a mixture-preserving multi-representation, even in uncountable mixture spaces. Analyses on the basis of weak topologies assigned and considering stronger continuity and closeness conditions are developed. Results concerning the existence of mixture-preserving multi-representations that consist entirely of strictly increasing functions are also presented.
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expected utility
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incompleteness
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mixture spaces
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multi-representation
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continuity and closedness
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Archimedean structures
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