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Article Dans Une Revue Synthese Année : 2015

Do Bets Reveal Beliefs?

Résumé

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.
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Dates et versions

hal-01462293 , version 1 (14-02-2017)

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Jean Baccelli. Do Bets Reveal Beliefs?: A unified perspective on state-dependent utility issues. Synthese, 2015, ⟨10.1007/s11229-015-0939-2⟩. ⟨hal-01462293⟩
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