Using color as the fourth dimension has severe limitations for regions that are solid in that you can only see the color of the surface of the region. While Opacity
could be used to see "into" the solid region, the colors would be muddled together and you would not be able to appreciate the fourth dimension.
ineq = α >= 2 β && 2 σ >= γ && 2 α >= 3 γ &&
3 σ >= 2 β /. γ -> 1 - (α + β + σ) // Simplify;
EDIT: You can use Manipulate
to peal back the boundaries to see the inner values
EDIT 2: The color range for the plot needs to be adjusted to the range of γ
.
Determining the range of γ
#[{1 - (α + β + σ), α >= 2 β,
2 σ >= γ, 2 α >= 3 γ,
3 σ >= 2 β,
α + β + σ + γ == 1, 0 <= α <= 1,
0 <= β <= 1, 0 <= σ <= 1}, {α, β, σ},
Reals] & /@ {MinValue, MaxValue}

Rescaling for -3/2 <= γ <= 1/3
Manipulate[Module[
{ineq = α >= 2 β && 2 σ >= γ && 2 α >= 3 γ &&
3 σ >= 2 β /. γ -> 1 - (α + β + σ) //
Simplify},
Legended[
RegionPlot3D[
ineq && αlb < α < αub && βlb < β < βub && σlb < σ < σub,
{α, 0, 1}, {β, 0, 1}, {σ, 0, 1},
AxesLabel -> (Style[#, 14, Bold] & /@ {α, β, σ}),
PlotPoints -> 100,
ColorFunction ->
Function[{α, β, σ}, ColorData["Rainbow"][
Rescale[1 - (α + β + σ), {-3/2, 1/3}]]]],
BarLegend[{"Rainbow", {-3/2, 1/3}}]]],
{{αlb, 0}, 0, 0.98, 0.01, Appearance -> "Labeled"},
{{αub, 1}, αlb + 0.01, 1, 0.01, Appearance -> "Labeled"},
{{βlb, 0}, 0, 0.48, 0.01, Appearance -> "Labeled"},
{{βub, 0.5}, βlb + 0.01, 0.5, 0.01, Appearance -> "Labeled"},
{{σlb, 0}, 0, 0.98, 0.01, Appearance -> "Labeled"},
{{σub, 1}, σlb + 0.01, 1, 0.01, Appearance -> "Labeled"},
SynchronousUpdating -> False]

EDIT 3: I forgot to restrict γ
to interval {0, 1}
. This significantly reduces the region of interest.
#[{1 - (α + β + σ), α >= 2 β,
2 σ >= γ, 2 α >= 3 γ,
3 σ >= 2 β, α + β + σ + γ == 1,
0 <= α <= 1, 0 <= β <= 1, 0 <= σ <= 1,
0 <= γ <= 1}, {α, β, σ}, Reals] & /@ {MinValue,
MaxValue}

Manipulate[
Module[{ineq = (α >= 2 β && 2 σ >= γ &&
2 α >= 3 γ && 3 σ >= 2 β &&
0 <= α <= 1 && 0 <= β <= 1 && 0 <= σ <= 1 &&
0 <= γ <= 1) /. γ ->
1 - (α + β + σ) // Simplify},
Legended[RegionPlot3D[
ineq && αlb < α < αub && βlb < β < βub && σlb < σ < σub,
{α, 0, 1}, {β, 0, 1}, {σ, 0, 1},
AxesLabel -> (Style[#, 14, Bold] & /@ {α, β, σ}),
PlotPoints -> 100,
ColorFunction ->
Function[{α, β, σ},
ColorData["Rainbow"][
Rescale[1 - (α + β + σ), {0, 1/3}]]]],
BarLegend[{"Rainbow", {0, 1/3}}]]], {{αlb, 0}, 0, 0.98, 0.01,
Appearance -> "Labeled"}, {{αub, 1}, αlb + 0.01, 1, 0.01,
Appearance -> "Labeled"}, {{βlb, 0}, 0, 0.28, 0.01,
Appearance -> "Labeled"}, {{βub, 0.3}, βlb + 0.01, 0.3, 0.01,
Appearance -> "Labeled"}, {{σlb, 0}, 0, 0.98, 0.01,
Appearance -> "Labeled"}, {{σub, 1}, σlb + 0.01, 1, 0.01,
Appearance -> "Labeled"}, SynchronousUpdating -> False]
