As a doxastic counterpart to epistemic logic based on S5 we study the modal logic KSD that can be viewed as an approach to modelling a kind of objective and fair belief. We apply KSD to the problem of minimal belief and develop an alterna- tive approach to nonmonotonic modal logic using a weaker concept of expansion. This corresponds to a certain minimal kind of KSD model and yields a new type of nonmonotonic doxastic reasonin