While there is now considerable experimental evidence that, on the one hand, participants assign to the indicative conditional as probability the conditional probability of consequent given antecedent and, on the other, they assign to the indicative conditional the “defective truth-table” in which a conditional with false antecedent is deemed neither true nor false, these findings do not in themselves establish which multi-premise inferences involving conditionals participants endorse. A natural extension of the truth-table semantics pronounces as valid numerous inference patterns that (...) do seem to be part of ordinary usage. However, coupled with something the probability account gives us—namely that when conditional-free ϕ entails conditional-free ψ, “if ϕ then ψ” is a trivial, uninformative truth—we have enough logic to derive the paradoxes of material implication. It thus becomes a matter of some urgency to determine which inference patterns involving indicative conditionals participants do endorse. Only thus will we be able to arrive at a realistic, systematic semantics for the indicative conditional. (shrink)

This paper presents a unified theory of the truth conditions and probability of indicative conditionals and their compounds in a trivalent framework. The semantics validates a Reduction Theorem: any compound of conditionals is semantically equivalent to a simple conditional. This allows us to validate Stalnaker's Thesis in full generality and to use Adams's notion of $p$-validity as a criterion for valid inference. Finally, this gives us an elegant account of Bayesian update with indicative conditionals, establishing that despite differences in meaning, (...) it is tantamount to learning a material conditional. (shrink)