In microeconomic theory and decision theory, the Mixture-space theorem is a utility-representation theorem for preferences defined over general mixture spaces. The theorem generalizes the von Neumann–Morgenstern utility theorem and the usual utility-representation theorem for consumer preferences over R n {\displaystyle \mathbb {R} ^{n}} .
In microeconomic theory and decision theory, the Mixture-space theorem is a utility-representation theorem for preferences defined over general mixture spaces. The theorem generalizes the von Neumann–Morgenstern utility theorem and the usual utility-representation theorem for consumer preferences over R n {\displaystyle \mathbb {R} ^{n}} .
Source: Wikipedia "Mixture-space theorem" · CC BY-SA 4.0
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