"[This book] proposes new foundations for the Bayesian principle of rational action, and goes on to develop a new logic of desirability and probabtility."—Frederic Schick, _Journal of Philosophy_.

This paper contributes to the mathematical foundations of the model for utility theory developed by Richard Jeffrey in The Logic of Decision [5]. In it I discuss the relationship of Jeffrey's to classical models, state and interpret an existence theorem for numerical utilities and subjective probabilities and restate a theorem on their uniqueness.

First published in 2000. Routledge is an imprint of Taylor & Francis, an informa company.