Categorical versus graded beliefs

Franz Dietrich

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

Abstract: This essay discusses the difficulty to reconcile two paradigms about beliefs: the binary or categorical paradigm of yes/no beliefs and the probabilistic paradigm of degrees of belief. The possibility for someone to hold beliefs of both types simultaneously is challenged by the lottery paradox, and more recently by a general impossibility theorem. The nature, relevance, and implications of the tension are explained and assessed. A more technical elaboration can be found in Dietrich and List (2018, 2021)

Keywords: logic vs. rational choice theory; yes/no belief vs. subjective probabilities; lottery paradox; general impossibility theorem (search for similar items in EconPapers)
JEL-codes: D80 D83 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2021-11, Revised 2022-02
New Economics Papers: this item is included in nep-hpe and nep-upt
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Categorical versus graded beliefs (2022)
Working Paper: Categorical versus graded beliefs (2022)
Working Paper: Categorical versus graded beliefs (2022)
Working Paper: Categorical versus graded beliefs (2022)
Working Paper: Categorical versus graded beliefs (2022)
Working Paper: Categorical versus graded beliefs (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:mse:cesdoc:21032r

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