Following the pioneer work of Bruno De Finetti [12], conditional probabilit
y spaces (allowing for conditioning with events of measure zero) have been
studied since (at least) the 1950's. Perhaps the most salient axiomatizatio
ns are Karl Popper's in [31], and Alfred Renyi's in [33]. Nonstandard proba
bility space [34] are a well known alternative to this approach. Vann McGee
proposed in [30] a result relating both approaches by showing that the sta
ndard values of infinitesimal probability functions are representable as Po
pper functions, and that every Popper function is representable in terms of
the standard real values of some infinitesimal measure. Our main goal in t
his article is to study the constraints on (qualitative and probabilistic)
change imposed by an extended version of McGee's result. We focus on an ext
ension capable of allowing for iterated changes of view. Such extension, we
argue, seems to be needed in almost all considered applications. Since mos
t of the available axiomatizations stipulated (definitionally) important co
nstraints on iterated change, we propose a non-question-begging framework,
Iterative Probability Systems (IPS) and we show that every Popper function
can be regarded as a Bayesian IPS. A generalized version of McGee's result
is then proved and several of its consequences considered. In particular we
note that our proof requires the imposition of Cumulativity, i.e. the prin
ciple that a proposition that is accepted at any stage of an iterative proc
ess of acceptance will continue to be accepted at any later stage. The plau
sibility and range of applicability of Cumulativity is then studied. In par
ticular we appeal to a method for defining belief from conditional probabil
ity (first proposed in [42] and then slightly modified in [6] and [3]) in o
rder to characterize the notion of qualitative change induced by Cumulative
models of probability kinematics. The resulting cumulative notion is then
compared with existing axiomatizations of belief change and probabilistic s
upposition. We also consider applications in the probabilistic accounts of
conditionals [1] and [30].