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Short answer: “a type system centered on the use of set-theoretic types (unions, intersections, negations) that satisfy the commutativity and distributivity properties of the corresponding set-theoretic operations”.

Long answer, well, there are blog posts[0], the Design Principles of the Elixir Type System paper[1] and related presentations[2, 3, 4] that talk about it at length. Giuseppe Castagna’s site has many more related papers: https://www.irif.fr/~gc/topics.en.html

[0]: https://elixir-lang.org/blog/2022/10/05/my-future-with-elixi...

[1]: https://www.irif.fr/~gc/papers/elixir-type-design.pdf

[2]: https://www.youtube.com/watch?v=gJJH7a2J9O8

[3]: https://www.youtube.com/watch?v=VYmo867YF6g

[4]: https://www.youtube.com/watch?v=giYbq4HmfGA

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Sets and types are foundational mathematical concepts so I’m looking for how elixir’s types fit in that context. Union and intersection are not something that belongs only to sets.
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It means that the types are built on unions, intersections, and negations[1]. It's a polymorphic type system with inference at the function level. It also does some type narrowing with pattern matching.

[1] https://www.irif.fr/_media/users/gduboc/elixir-types.pdf

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Unions, intersections and negations are available in types as well and are by no means exclusive to sets. The distinguishing feature of a set vs type is that a value belongs to just one type while it can belong to several sets.
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Types do not inherently have any such restrictions. A value can belong to several types. In fact, if you posit types to have union, that necessarily follows.
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I think they do, and as you mentioned you can explicitly remove such a restriction. Sets and types are once again two different kinds of objects in mathematical theory, and a set-theoretic type doesn’t seem to be based either on set theory or type theory.
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