Abstract

Abstract.This paper is devoted to a logical and algebraic treatment of conditional probability. The main ideas are the use of non-standard probabilities and of some kind of standard part function in order to deal with the case where the conditioning event has probability zero, and the use of a many-valued modal logic in order to deal probability of an event φ as the truth value of the sentence φ is probable, along the lines of Hájek’s book [H98] and of [EGH96]. To this purpose, we introduce a probabilistic many-valued logic, called FP(SŁΠ), which is sound and complete with respect a class of structures having a non-standard extension [0,1]⋆ of [0,1] as set of truth values. We also prove that the coherence of an assessment of conditional probabilities is equivalent to the coherence of a suitably defined theory over FP(SŁΠ) whose proper axioms reflect the assessment itself.