Abstract
The epistemic thesis is the thesis that a 'might' counterfactual like 'If Matt had gone to the parade, David might have gone to the parade' has the same meaning as 'Maybe, if Matt had gone to the parade, David would have gone to the parade.'
I offer a new theory of the counterfactual interpretation of the modal 'might' on which 'might' has the same meaning as 'maybe would'. And I show that, when coupled with a plausible semantics for 'if' clauses, my theory validates the epistemic thesis.