The name is absent



The second approach yields

tf       ., P (e(p)b+1)

p⅛ (e (p)) = (F, )

pt fEt+iJ

= P 4 (ri Ei+i)

~ P (Ei+1)

where the second step follows from the definition of pt. We say that restricted
Bayesian updating is consistent if,
for all i,t,p

Pt+1 (E (P)) = Pt+i (E (P)) .

Suppose that, for all p,p' such that p Pt ,p' P'

p (E (p Λ p')) = p (E (p)) p (E (p')).

That is, the probabilities of propositions in the restricted domain for i are
independent of the probabilities of unconsidered propositions. It seems rea-
sonable to suppose that restricted Bayesian updating will be consistent under
these conditions. We now show that this is the case.

Proposition 1 Restricted Bayesian updating is consistent if and only if for
all
p,p' such that p Pt,p' P and all possible histories hp (E (p Λ p')) =
P (E (P)) P (E (p')) .

Proof: Suppose the condition holds. Then, for all t,

P (E (pt)) = P (e (pt)) P (e (pΓ)) .

In particular,

P (E (pt+i)) = P (e (pt)) P (e ((pΓ+i))) ,

and, for p Pt,

P (E (p)Et+i) = p (e (p)e (pt)) P (e ((pΓ+i))) ,

so,

Pt+i (p)


p (E (p) ∩ Et+i)

p (Et+i)

P (e (p)e (pt)) p (e ((pt~+tι)))
p (e (pt)) P (e ((pΓ+i)))

p (e (p)e (pt+i))

P (e (pt+i))

p (e (p)Et+i)

P (Et+i)

Pt+i (p).



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