Our main result states that the hyperspace of convex compact subsets of a
compact convex subset X in a locally convex space is an absolute retract if
and only if X is an absolute retract of weight ≤ω1. It is also
proved that the hyperspace of convex compact subsets of the Tychonov cube
Iω1 is homeomorphic to Iω1. An analogous result is also
proved for the cone over Iω1. Our proofs are based on analysis of
maps of hyperspaces of compact convex subsets, in particular, selection
theorems for such maps are proved