Before revision:  To capture behaviors between these two extremes, the present paper proposes and axiomatizes a new updating rule , Relative Maximum Likelihood (RML) , to represent conditional preferences that are not as extreme as either case. RML updates an intermediate set of priors , which can be expressed as a linear contraction of the initial set with respect to the set of maximum likelihood priors .
After revision:  To capture behaviors between these two extremes, the present paper proposes and axiomatizes a new updating rule , Relative Maximum Likelihood (RML) updating. This rule updates an intermediate set of priors , which can be expressed as a linear contraction of the initial set with respect to the set of maximum likelihood priors .