Template-Type: ReDIF-Paper 1.0
Author-Name: Giacomo Bonanno
Author-Name-First: Giacomo
Author-Name-Last: Bonanno
Author-Name: Pierpaolo Battigalli
Author-Name-First: Pierpaolo
Author-Name-Last: Battigalli
Author-Workplace-Name: Department of Economics, University of California Davis
Title: THE LOGIC OF BELIEF PERSISTENCY
Abstract: The interaction bietween knowledge and belief in a temporal context is analyzed. An axiomatic formulation and semantic characterization of the principle of belief persistency implied by the standard conditionalization rule are provided. This principle says that an individual does not change her mind unless new evidence forces her to do so. It is shown that if beliefs are conscious (or stateindependent) and satisfy negative introspection then the principle of persistency of beliefs is characterized by the following axiom schema: the individual believes that 9 at date t if and orilly if she believes at date t that she will believe that 4 at date t+l.
Length: 27
File-URL: https://repec.dss.ucdavis.edu/files/Bd1nz16cpv9TGLkrmwpmtSGo/95-18.pdf
File-Format: application/pdf
Number: 206
Classification-JEL: 
KeyWords: 
Creation-Date: 20040712
Handle: RePEc:cda:wpaper:206