The author uses a series of examples to illustrate two versions of a new, nonprobabilist principle of epistemic rationality, the special and general versions of the metacognitive, expected relative frequency principle. These are used to explain the rationality of revisions to an agent’s degrees of confidence in propositions based on evidence of the reliability or unreliability of the cognitive processes responsible for them—especially reductions in confidence assignments to propositions antecedently regarded as certain—including certainty-reductions to instances of the law of excluded (...) middle or the law of noncontradiction in logic or certainty-reductions to the certainties of probabilist epistemology. The author proposes special and general versions of the MERF principle and uses them to explain the examples, including the reasoning that would lead to thoroughgoing fallibilism—that is, to a state of being certain of nothing. The author responds to the main defenses of probabilism: Dutch Book arguments, Joyce’s potential accuracy defense, and the potential calibration defenses of Shimony and van Fraassen by showing that, even though they do not satisfy the probability axioms, degrees of belief that satisfy the MERF principle minimize expected inaccuracy in Joyce’s sense; they can be externally calibrated in Shimony and van Fraassen’s sense; and they can serve as a basis for rational betting, unlike probabilist degrees of belief, which, in many cases, human beings have no rational way of ascertaining. The author also uses the MERF principle to subsume the various epistemic akrasia principles in the literature. Finally, the author responds to Titelbaum’s argument that epistemic akrasia principles require that we be certain of some epistemological beliefs, if we are rational. (shrink)

There are decision problems where the preferences that seem rational to many people cannot be accommodated within orthodox decision theory in the natural way. In response, a number of alternatives to the orthodoxy have been proposed. In this paper, I offer an argument against those alternatives and in favour of the orthodoxy. I focus on preferences that seem to encode sensitivity to risk. And I focus on the alternative to the orthodoxy proposed by Lara Buchak’s risk-weighted expected utility theory. I (...) will show that the orthodoxy can be made to accommodate all of the preferences that Buchak’s theory can accommodate. (shrink)

In recent work, J. Adam Carter argues that truth-relativism should be compatible with the so-called conformist response to peer disagreement about taste to the effect that subjects should revise their opinions. However, Carter claims that truth-relativism cannot make sense of this response since it cannot make sense of the idea that when two subjects are recognised as epistemic peers, they should acknowledge that they are equally likely to be right about the targeted issue. The main aim of this paper is (...) a modest one: to argue that truth-relativists should not be worried about their alleged incompatibility with conformism for they should be non-conformists. (shrink)

It is commonly assumed that when we assign different credences to a proposition, a perfect compromise between our opinions simply ‘splits the difference’ between our credences. I introduce and defend an alternative account, namely that a perfect compromise maximizes the average of the expected epistemic values that we each assign to alternative credences in the disputed proposition. I compare the compromise strategy I introduce with the traditional strategy of compromising by splitting the difference, and I argue that my strategy is (...) a reasonable characterization of epistemic compromise. (shrink)

One's inaccuracy for a proposition is defined as the squared difference between the truth value (1 or 0) of the proposition and the credence (or subjective probability, or degree of belief) assigned to the proposition. One should have the epistemic goal of minimizing the expected inaccuracies of one's credences. We show that the method of minimizing expected inaccuracy can be used to solve certain probability problems involving information loss and self-locating beliefs (where a self-locating belief of a temporal part of (...) an individual is a belief about where or when that temporal part is located). We analyze the Sleeping Beauty problem, the duplication version of the Sleeping Beauty problem, and various related problems. (shrink)

The pragmatic character of the Dutch book argument makes it unsuitable as an "epistemic" justification for the fundamental probabilist dogma that rational partial beliefs must conform to the axioms of probability. To secure an appropriately epistemic justification for this conclusion, one must explain what it means for a system of partial beliefs to accurately represent the state of the world, and then show that partial beliefs that violate the laws of probability are invariably less accurate than they could be otherwise. (...) The first task can be accomplished once we realize that the accuracy of systems of partial beliefs can be measured on a gradational scale that satisfies a small set of formal constraints, each of which has a sound epistemic motivation. When accuracy is measured in this way it can be shown that any system of degrees of belief that violates the axioms of probability can be replaced by an alternative system that obeys the axioms and yet is more accurate in every possible world. Since epistemically rational agents must strive to hold accurate beliefs, this establishes conformity with the axioms of probability as a norm of epistemic rationality whatever its prudential merits or defects might be. (shrink)

Many people believe that there is a Dutch Book argument establishing that the principle of countable additivity is a condition of coherence. De Finetti himself did not, but for reasons that are at first sight perplexing. I show that he rejected countable additivity, and hence the Dutch Book argument for it, because countable additivity conflicted with intuitive principles about the scope of authentic consistency constraints. These he often claimed were logical in nature, but he never attempted to relate this idea (...) to deductive logic and its own concept of consistency. This I do, showing that at one level the definitions of deductive and probabilistic consistency are identical, differing only in the nature of the constraints imposed. In the probabilistic case I believe that R.T. Cox's ‘scale-free’ axioms for subjective probability are the most suitable candidates. 1 Introduction 2 Coherence and Consistency 3 The Infinite Fair Lottery 4 The Puzzle Resolved—But Replaced by Another 5 Countable Additivity, Conglomerability and Dutch Books 6 The Probability Axioms and Cox's Theorem 7 Truth and Probability 8 Conclusion: ‘Logical Omniscience’ CiteULike Connotea Del.icio.us What's this? (shrink)

R. C. Jeffrey has proposed probabilism as a solution to Hume's problem of justifying induction. This paper shows that the assumptions of his Estimation Theorem, used to justify induction, can be weakened to provide a more satisfactory interpretation. It is also questioned whether the use of probabilism adds significantly to our understanding (or even Hume's understanding) of the problem of induction.

I develop and argue for a kind of externalism about certain kinds of non-doxastic attitudes that I call policy externalism. Policy externalism about a given type of attitude is the view that all the reasonable policies for having attitudes of that type will not involve the agent's beliefs that some relevant conditions obtain. My defense primarily involves attitudes like hatred, regret, and admiration, and has two parts: a direct deductive argument and an indirect linguistic argument, an inference to the best (...) explanation of some strange ways we use certain conditionals. The main thought throughout is that attitudes we reason with, like belief, are very different from attitudes we don't reason with, in a way that constrains the former but not the latter. Finally, I investigate some consequences of policy externalism, including that it secures the possibility of genuine conditional apologies. (shrink)

De Finetti is one of the founding fathers of the subjective school of probability. He held that probabilities are subjective, coherent degrees of expectation, and he argued that none of the objective interpretations of probability make sense. While his theory has been influential in science and philosophy, it has encountered various objections. I argue that these objections overlook central aspects of de Finetti’s philosophy of probability and are largely unfounded. I propose a new interpretation of de Finetti’s theory that highlights (...) these aspects and explains how they are an integral part of de Finetti’s instrumentalist philosophy of probability. I conclude by drawing an analogy between misconceptions about de Finetti’s philosophy of probability and common misconceptions about instrumentalism. (shrink)

De Finetti is one of the founding fathers of the subjective school of probability. He held that probabilities are subjective, coherent degrees of expectation, and he argued that none of the objective interpretations of probability make sense. While his theory has been influential in science and philosophy, it has encountered various objections. I argue that these objections overlook central aspects of de Finetti’s philosophy of probability and are largely unfounded. I propose a new interpretation of de Finetti’s theory that highlights (...) these aspects and explains how they are an integral part of de Finetti’s instrumentalist philosophy of probability. I conclude by drawing an analogy between misconceptions about de Finetti’s philosophy of probability and common misconceptions about instrumentalism. (shrink)

‘Bayesian epistemology’ became an epistemological movement in the 20th century, though its two main features can be traced back to the eponymous Reverend Thomas Bayes (c. 1701-61). Those two features are: (1) the introduction of a formal apparatus for inductive logic; (2) the introduction of a pragmatic self-defeat test (as illustrated by Dutch Book Arguments) for epistemic rationality as a way of extending the justification of the laws of deductive logic to include a justification for the laws of inductive logic. (...) The formal apparatus itself has two main elements: the use of the laws of probability as coherence constraints on rational degrees of belief (or degrees of confidence) and the introduction of a rule of probabilistic inference, a rule or principle of conditionalization. (shrink)

According to accuracy-first epistemology, accuracy is the fundamental epistemic good. Epistemic norms — Probabilism, Conditionalization, the Principal Principle, etc. — have their binding force in virtue of helping to secure this good. To make this idea precise, accuracy-firsters invoke Epistemic Decision Theory (EpDT) to determine which epistemic policies are the best means toward the end of accuracy. Hilary Greaves and others have recently challenged the tenability of this programme. Their arguments purport to show that EpDT encourages obviously epistemically irrational behavior. (...) We develop firmer conceptual foundations for EpDT. First, we detail a theory of praxic and epistemic good. Then we show that, in light of their very different good-making features, EpDT will evaluate epistemic states and epistemic acts according to different criteria. So, in general, rational preference over states and acts won’t agree. Finally, we argue that based on direction-of-fit considerations, it’s preferences over the former that matter for normative epistemology, and that EpDT, properly spelt out, arrives at the correct verdicts in a range of putative problem cases. (shrink)