Towards a "sophisticated" model of belief dynamics
AbstractIt is well-known that classical models of belief are not realistic representations of human doxastic capacity; equally, models of actions involving beliefs, such as decisions based on beliefs, or changes of beliefs, suffer from similar inaccuracies. In this paper, a general framework is presented which permits a more realistic modelling both of instantaneous states of belief, and of the operations involving them.
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Bibliographic InfoPaper provided by HEC Paris in its series Les Cahiers de Recherche with number 868.
Length: 30 pages
Date of creation: 26 Oct 2006
Date of revision:
Representations of belief; bounded rationality; logical omniscience; awareness; logical locality; belief dynamics; iterated revision; Gärdenfors postulates; rational choice theory; framing effect;
Find related papers by JEL classification:
- C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
- D90 - Microeconomics - - Intertemporal Choice - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-04-28 (All new papers)
- NEP-CBE-2007-04-28 (Cognitive & Behavioural Economics)
- NEP-HPE-2007-04-28 (History & Philosophy of Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Tversky, Amos & Kahneman, Daniel, 1986. "Rational Choice and the Framing of Decisions," The Journal of Business, University of Chicago Press, vol. 59(4), pages S251-78, October.
- Brian, HILL, 2007. "Dynamic Awareness," Les Cahiers de Recherche 881, HEC Paris.
- Brian Hill, 2009.
"Living without state-independence of utilities,"
Theory and Decision,
Springer, vol. 67(4), pages 405-432, October.
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