Probability Logic: A Model Theoretic Perspective
Massoud Pourmahdian, Reihane Zoghifard

TL;DR
This paper explores the model theoretic properties of propositional probability logic, adapting ultraproducts for different classes of probability models and analyzing their compactness and L"owenheim-Skolem numbers.
Contribution
It adapts ultraproduct constructions for probability models and establishes compactness results for various fragments of probability logic.
Findings
Compactness holds for basic probability logic in $\sigma$-additive models.
Extended compactness applies to positive probability logic in finitely-additive models.
L"owenheim-Skolem number is uncountable for $\sigma$-additive models, countable for finitely-additive models.
Abstract
In this paper (propositional) probability logic () is investigated from model theoretic point of view. First of all, the ultraproduct construction is adapted for -additive probability models, and subsequently when this class of models is considered it is shown that the compactness property holds with respect to a fragment of called basic probability logic (). On the other hand, when dealing with finitely-additive probability models, one may extend the compactness property for a larger fragment of probability logic, namely positive probability logic (). We finally prove that while the L\"owenheim-Skolem number of the class of -additive probability models is uncountable, it is for the class of finitely additive probability models.
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