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A major hypothesis about conditionals is the Equation in which the probability of a conditional equals the corresponding conditional probability: p(if A then C) = p(C|A). Probabilistic theories often treat it as axiomatic, whereas it follows from the meanings of conditionals in the theory of mental models. In this theory, intuitive models (system 1) do not represent what is false, and so produce errors in estimates of p(if A then C), yielding instead p(A & C). Deliberative models (system 2) are normative, and yield the proportion of cases of A in which C holds, i.e., the Equation. Intuitive estimates of the probability of a conditional about unique events: If covid-19 disappears in the USA, then Biden will run for a second term, together with those of each of its clauses, are liable to yield joint probability distributions that sum to over 100%. The error, which is inconsistent with the probability calculus, is massive when participants estimate the joint probabilities of conditionals with each of the different possibilities to which they refer. This result and others under review corroborate the model theory. [ABSTRACT FROM AUTHOR]

The mental model theory postulates that the meanings of conditionals are based on possibilities. Indicative conditionals—such as "If he is injured tomorrow, then he will take some leave"—have a factual interpretation that can be paraphrased as It is possible, and remains so, that he is injured tomorrow, and in that case certain that he takes some leave. Subjunctive conditionals, such as, "If he were injured tomorrow, then he would take some leave," have a prefactual interpretation that has the same paraphrase. But when context makes clear that his injury will not occur, the subjunctive has a counterfactual paraphrase, with the first clause: It was once possible, but does not remain so, that he will be injured tomorrow. Three experiments corroborated these predictions for participants' selections of paraphrases in their native Spanish, for epistemic and deontic conditionals, for those referring to past and to future events, and for those with then clauses referring to what may or must happen. These results are contrary to normal modal logics. They are also contrary to theories based on probabilities, which are inapplicable to deontic conditionals, such as, "If you have a ticket, then you must enter the show." [ABSTRACT FROM AUTHOR]