Synthese 194 (9):3393-3419 (2017)

Jean Baccelli
Oxford University
This paper examines the preference-based approach to the identification of beliefs. It focuses on the main problem to which this approach is exposed, namely that of state-dependent utility. First, the problem is illustrated in full detail. Four types of state-dependent utility issues are distinguished. Second, a comprehensive strategy for identifying beliefs under state-dependent utility is presented and discussed. For the problem to be solved following this strategy, however, preferences need to extend beyond choices. We claim that this a necessary feature of any complete solution to the problem of state-dependent utility. We also argue that this is the main conceptual lesson to draw from it. We show that this lesson is of interest to both economists and philosophers
Keywords Beliefs  Subjective probability  State-dependent utility  Hypothetical preferences  Revealed preference  decision theory
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DOI 10.1007/s11229-015-0939-2
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References found in this work BETA

The Foundations of Statistics.Leonard J. Savage - 1954 - Wiley Publications in Statistics.
Truth and Probability.Frank Ramsey - 1926 - In Antony Eagle (ed.), Philosophy of Probability: Contemporary Readings. Routledge. pp. 52-94.
The Foundations of Statistics.Leonard J. Savage - 1956 - Philosophy of Science 23 (2):166-166.
A Nonpragmatic Vindication of Probabilism.James M. Joyce - 1998 - Philosophy of Science 65 (4):575-603.

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Citations of this work BETA

The Problem of State-Dependent Utility: A Reappraisal.Jean Baccelli - 2021 - British Journal for the Philosophy of Science 72 (2):617-634.
Expected Utility in 3D.Jean Baccelli - forthcoming - In Reflections on the Foundations of Statistics: Essays in Honor of Teddy Seidenfeld.

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