TY - JOUR
T1 - The logic of belief and belief change
T2 - A decision theoretic approach
AU - Morris, Stephen
N1 - Funding Information:
* An earlier version of this paper was circulated under the title ``Revising Knowledge: A Decision Theoretic Approach,'' as CARESS Working Paper 92-27. This version has been considerably improced by valuable and detailed comments on earlier versions from Michael Bacharach, Philippe Mongin, Hyun Song Shin, an anonymous referee, and an associate editor of this journal. The current version substantially reflects those comments, although I alone am responsible for any remaining errors. I gratefully acknowledge financial support for this work from a University of Pennsylvania Research Foundation Grant and National Science Foundation Grant *SES-9308515. 1Savage's approach followed Ramsey [22] and de Finetti [8].
PY - 1996/4
Y1 - 1996/4
N2 - Savage [L. Savage, "The Foundations of Statistics," Wiley, New York, 1954] showed how properties of a decision maker's probabilistic beliefs can be deduced from primitive consistency axioms on preferences. This paper extends that approach and shows how logical properties of belief - which underlie economists' models of information and knowledge - can be related to properties of preferences. Journal of Economic Literature Classification Number: D80.
AB - Savage [L. Savage, "The Foundations of Statistics," Wiley, New York, 1954] showed how properties of a decision maker's probabilistic beliefs can be deduced from primitive consistency axioms on preferences. This paper extends that approach and shows how logical properties of belief - which underlie economists' models of information and knowledge - can be related to properties of preferences. Journal of Economic Literature Classification Number: D80.
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U2 - 10.1006/jeth.1996.0035
DO - 10.1006/jeth.1996.0035
M3 - Article
AN - SCOPUS:0030117116
SN - 0022-0531
VL - 69
SP - 1
EP - 23
JO - Journal of Economic Theory
JF - Journal of Economic Theory
IS - 1
ER -