Abstract: Presents and evaluates a series of attacks on The Equation, i.e. the view that an indicative conditional ‘If A, C’ is a proposition whose subjective probability for you is always your conditional probability for C given A. Work by Lewis, Carlstrom and Hill, Stalnaker, Edgington, and Hájek is considered. The attacks succeed, but only if indicative conditionals are propositions with truth values.

Keywords: Carlstrom, conditionals, conditional probability, Edgington, Hájek, Hill, indicative conditional, Lewis, Stalnaker, subjective probability,