In this paper I explore the ambiguity that arises between two readings of the counterfactual construction, then–d and thel–p, analyzed in my bookA Theory of Counterfactuals. I then extend the analysis I offered there to counterfactuals with true antecedents, and offer a more precise formulation of the conception of temporal divergence points used in thel–p interpretation. Finally, I discuss some ramifications of these issues for counterfactual analyses of knowledge.

In this article I offer an approach to counterfactuals based on a notion of objective probability. It is in the spirit of, though it does not fall squarely under, the metalinguistic model. Thus, it is not developed in terms of possible worlds, or notions parasitic on them (e.g., similarity). Its dominant features are rooted in objective probability and causal relevance (analyzed probabilistically), and thus it is not close in spirit to a maximal similarity or a minimal change approach.