This short paper relates the conditional object-based and possibility
theory-based approaches for reasoning with conditional statements perv
aded with exceptions, to other methods in nonmonotonic reasoning which
have been independently proposed: namely, Lehmann's preferential and
rational closure entailments which obey normative postulates, the infi
nitesimal probability approach, and the conditional (modal) logics-bas
ed approach. All these methods are shown to be equivalent with respect
to their capabilities for reasoning with conditional knowledge althou
gh they are based on different modeling frameworks. It thus provides a
unified understanding of nonmonotonic consequence relations. More par
ticularly, conditional objects, a purely qualitative counterpart to co
nditional probabilities, offer a very simple semantics, based on a 3-v
alued calculus, for the preferential entailment, while in the purely o
rdinal setting of possibility theory both the preferential and the rat
ional closure entailments can be represented. (C) 1997 Elsevier Scienc
e B.V.