Richard Jeffrey's generalization of Bayes' rule of conditioning follows, within the theory of belief functions, from Dempster's rule of combination and the rule of minimal extension. Both Jeffrey's rule and the theory of belief functions can and should be construed constructively, rather than normatively or descriptively. The theory of belief functions gives a more thorough analysis of how beliefs might be constructed than Jeffrey's rule does. The inadequacy of Bayesian conditioning is much more general than Jeffrey's examples of uncertain perception (...) might suggest. The ``parameter α '' that Hartry Field has introduced into Jeffrey's rule corresponds to the "weight of evidence" of the theory of belief functions. (shrink)

A paper on how to adapt your probabilisitc beliefs when learning a conditional.

Using formal systems to represent and reason about uncertainty.

The standard use of the propositional calculus ('P.C.?) in analyzing the validity of inferences involving conditionals leads to fallacies, and the problem is to determine where P.C. may be ?safely? used. An alternative analysis of criteria of reasonableness of inferences in terms of conditions of justification rather than truth of statements is proposed. It is argued, under certain restrictions, that P. C. may be safely used, except in inferences whose conclusions are conditionals whose antecedents are incompatible with the premises in (...) the sense that if the antecedent became known, some of the previously asserted premises would have to be withdrawn. (shrink)

Economic models describe individuals in terms of underlying characteristics, such as taste for some good, sympathy level for another player, time discount rate, risk attitude, and so on. In real life, such characteristics change through experiences: taste for Mozart changes through listening to it, sympathy for another player through observing his moves, and so on. Models typically ignore change, not just for simplicity but also because it is unclear how to incorporate change. I introduce a general axiomatic framework for defining, (...) analysing and comparing rival models of change. I show that seemingly basic postulates on modelling change together have strong implications, like irrelevance of the order in which someone has his experiences and ‘linearity’ of change. This is a step towards placing the modelling of change on solid axiomatic grounds and enabling non-arbitrary incorporation of change into economic models. (shrink)