Cognitive Rationality and Alternative Belief Measures
Antoine Billot
Journal of Risk and Uncertainty, 1991, vol. 4, issue 3, 299-324
Abstract:
In this article, we first examine the various criticisms of the probabilistic model. Then we introduce capacities in order to show that if a probability measure corresponds to anesthetizing the belief of the agent's knowledge, it is then possible to suggest another type of rationality--namely, being able to describe a wise adn a rash behavior when facing risk--and therefore another model of belief under uncertainty. While trying to specify various alternative measures, possibility, necessity, and measures resulting from a triangular norm or froma triangular conorm, we finally try to define the field of application of the probabilistic model as well as a sign of the rationality choice: constraint of mass-unity for traditional rationality, and constraint of duality for the one we present. Copyright 1991 by Kluwer Academic Publishers
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:kap:jrisku:v:4:y:1991:i:3:p:299-324
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