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Towards a "sophisticated" model of belief dynamics

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  • HILL, Brian

Abstract

It 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.

Suggested Citation

  • HILL, Brian, 2006. "Towards a "sophisticated" model of belief dynamics," HEC Research Papers Series 868, HEC Paris.
    • Handle: RePEc:ebg:heccah:0868
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    File URL: http://www.hec.fr/var/fre/storage/original/application/85654bdf4bb4cfe51a3d2cebee826321.pdf
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    References listed on IDEAS

    as
    1. Tversky, Amos & Kahneman, Daniel, 1986. "Rational Choice and the Framing of Decisions," The Journal of Business, University of Chicago Press, vol. 59(4), pages 251-278, October.
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    Cited by:

    1. Brian Hill, 2009. "Living without state-independence of utilities," Theory and Decision, Springer, vol. 67(4), pages 405-432, October.
    2. Brian, HILL, 2007. "Dynamic Awareness," HEC Research Papers Series 881, HEC Paris.

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    More about this item

    Keywords

    Representations of belief; bounded rationality; logical omniscience; awareness; logical locality; belief dynamics; iterated revision; Gärdenfors postulates; rational choice theory; framing effect;
    All these keywords.

    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; Information and Knowledge; Communication; Belief; Unawareness
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General

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