Rationalizing beliefs

Ping Yu and Li Zeng
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Ping Yu: School of Economics and Finance, The University of Hong Kong, Hong Kong
Li Zeng: Department of Industrial and Manufacturing Systems Engineering, The University of Texas at Arlington, USA

Rationality and Society, 2014, vol. 26, issue 4, 425-445

Abstract: This paper studies belief formation for two kinds of religion. The main conclusion is that they follow different mechanisms. Specifically, for religions relying on supernatural powers, people formulate beliefs based on their prior beliefs and experiences, and they may claim their beliefs for some realistic considerations. For religions based on self-sufficiency, mainly Buddhism, beliefs are formed by an awareness of suffering and dependent arising.

Keywords: Bayesian updating; Buddhism; prospect theory; uncertainty; dependent arising; utility stabilization (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ratsoc:v:26:y:2014:i:4:p:425-445

DOI: 10.1177/1043463114546827

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