Bayesian decision theory can be viewed as the core of psychological theory for idealized agents. To get a complete psychological theory for such agents, you have to supplement it with input and output laws. On a Bayesian theory that employs strict conditionalization, the input laws are easy to give. On a Bayesian theory that employs Jeffrey conditionalization, there appears to be a considerable problem with giving the input laws. However, Jeffrey conditionalization can be reformulated so that the problem disappears, and (...) in fact the reformulated version is more natural and easier to work with on independent grounds. (shrink)

... Press for their editorial perspicacity, to the National Institutes of Health for the partial financial support they gave me while I was writing some of the chapters, and to Donald Michie for suggesting the title Good Thinking.

Bayesian, Jeffrey and Field conditionals are compared and it is shown why the last two cannot be reduced to the first. Maximum relative entropy is used in two kinds of justification of the Field conditional and the dispensability of entropy principles in general is discussed.

Bayesian psychology, in what is perhaps its most familiar version, is incomplete: Jeffrey conditionalization is not a complete account of rational belief change. Jeffrey conditionalization is sensitive to the order in which the evidence arrives. This order effect can be so pronounced as to call for a belief adjustment that cannot be understood as an assimilation of incoming evidence by Jeffrey's rule. Hartry Field's reparameterization of Jeffrey's rule avoids the order effect but fails as an account of how new evidence (...) should be assimilated. (shrink)