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Dutch book arguments

Stanford Encyclopedia of Philosophy (2011)

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  1. Belief about Probability.Ray Buchanan & Sinan Dogramaci - forthcoming - Journal of Philosophy.
    Credences are beliefs about evidential probabilities. We give the view an assessment-sensitive formulation, show how it evades the standard objections, and give several arguments in support.
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  • Probabilifying reflective equilibrium.Finnur Dellsén - 2024 - Synthese 203 (2):1-24.
    This paper aims to flesh out the celebrated notion of reflective equilibrium within a probabilistic framework for epistemic rationality. On the account developed here, an agent's attitudes are in reflective equilibrium when there is a certain sort of harmony between the agent's credences, on the one hand, and what the agent accepts, on the other hand. Somewhat more precisely, reflective equilibrium is taken to consist in the agent accepting, or being prepared to accept, all and only claims that follow from (...)
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  • Structural Rationality.Benjamin Kiesewetter & Alex Worsnip - 2023 - Stanford Encyclopedia of Philosophy.
    This entry is composed of three sections. In §1, we survey debates about what structural rationality is, including the emergence of the concept in the contemporary literature, its key characteristics, its relationship to substantive rationality, its paradigm instances, and the questions of whether these instances are unified and, if so, how. In §2, we turn to the debate about structural requirements of rationality – including controversies about whether they are “wide-scope” or “narrow-scope”, synchronic or diachronic, and whether they govern processes (...)
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  • Should credence be sensitive to practical factors? A cost–benefit analysis.Jie Gao - 2023 - Mind and Language 38 (5):1238-1257.
    According to evidentialist views, credence in a proposition p should be proportional to the degree of evidential support that one has in favor of p. However, empirical evidence suggests that our credences are systematically sensitive to practical factors. In this article, I provide a cost–benefit analysis of credences' practical sensitivity. The upshot of this analysis is that credences sensitive to practical factors fare better than practically insensitive ones along several dimensions. All things considered, our credences should be sensitive to practical (...)
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  • Epistemic Sanity or Why You Shouldn't be Opinionated or Skeptical.Danilo Fraga Dantas - 2022 - Episteme 20 (3):647-666.
    I propose the notion of ‘epistemic sanity’, a property of parsimony between the holding of true but not false beliefs and the consideration of our cognitive limitations. Where ‘alethic value’ is the epistemic value of holding true but not false beliefs, the ‘alethic potential’ of an agent is the amount of extra alethic value that she is expected to achieve, given her current environment, beliefs, and reasoning skills. Epistemic sanity would be related to the holding of (true or false) beliefs (...)
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  • Una revisión de la condicionalización bayesiana.Rodrigo Iván Barrera Guajardo - 2021 - Culturas Cientificas 2 (1):24-54.
    La epistemología bayesiana tiene como concepto capital la condicionalización simple. Para comprender de buena forma cómo opera esta regla, se debe dar cuenta de la concepción subjetiva de la probabilidad. Sobre la base de lo anterior es posible esclarecer alcances y límites de la condicionalización simple. En general, cuando esta regla enfrenta una dificultad se hacen esfuerzos por resolver dicha particular cuestión, pero no es usual encontrar propuestas unificadas con la intención de resolver varias de las complicaciones subyacentes al bayesianismo (...)
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  • Beyond Uncertainty: Reasoning with Unknown Possibilities.Katie Steele & H. Orri Stefánsson - 2020 - Cambridge University Press.
    The main aim of this book is to introduce the topic of limited awareness, and changes in awareness, to those interested in the philosophy of decision-making and uncertain reasoning.
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  • The Limits of Partial Doxasticism.Facundo M. Alonso - 2021 - Philosophical Quarterly 72 (2):326-345.
    Doxasticism is the thesis that intention is or involves belief in the forthcoming action (Velleman, Harman). Supporters claim that it is only by accepting that thesis that we can explain a wide array of important phenomena, including the special knowledge we have of intentional action, the roles intention plays in facilitating coordination, and the norms of rationality for intention. Others argue that the thesis is subject to counterexample (Davidson, Bratman). Yet some others contend that the thesis can be reformulated in (...)
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  • Belief, Credence, and Moral Encroachment.Elizabeth Jackson & James Fritz - 2021 - Synthese 199 (1-2):1387–1408.
    Radical moral encroachment is the view that belief itself is morally evaluable, and that some moral properties of belief itself make a difference to epistemic rationality. To date, almost all proponents of radical moral encroachment hold to an asymmetry thesis: the moral encroaches on rational belief, but not on rational credence. In this paper, we argue against the asymmetry thesis; we show that, insofar as one accepts the most prominent arguments for radical moral encroachment on belief, one should likewise accept (...)
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  • Introduction to Philosophy: Epistemology.Brian C. Barnett (ed.) - 2021 - Rebus Community.
    Introduction to Philosophy: Epistemology engages first-time philosophy readers on a guided tour through the core concepts, questions, methods, arguments, and theories of epistemology—the branch of philosophy devoted to the study of knowledge. After a brief overview of the field, the book progresses systematically while placing central ideas and thinkers in historical and contemporary context. The chapters cover the analysis of knowledge, the nature of epistemic justification, rationalism vs. empiricism, skepticism, the value of knowledge, the ethics of belief, Bayesian epistemology, social (...)
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  • Logical ignorance and logical learning.Richard Pettigrew - 2020 - Synthese 198 (10):9991-10020.
    According to certain normative theories in epistemology, rationality requires us to be logically omniscient. Yet this prescription clashes with our ordinary judgments of rationality. How should we resolve this tension? In this paper, I focus particularly on the logical omniscience requirement in Bayesian epistemology. Building on a key insight by Hacking :311–325, 1967), I develop a version of Bayesianism that permits logical ignorance. This includes: an account of the synchronic norms that govern a logically ignorant individual at any given time; (...)
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  • (1 other version)Metanormative Regress: An Escape Plan.Christian Tarsney - manuscript
    How should you decide what to do when you're uncertain about basic normative principles (e.g., Kantianism vs. utilitarianism)? A natural suggestion is to follow some "second-order" norm: e.g., "comply with the first-order norm you regard as most probable" or "maximize expected choiceworthiness". But what if you're uncertain about second-order norms too -- must you then invoke some third-order norm? If so, it seems that any norm-guided response to normative uncertainty is doomed to a vicious regress. In this paper, I aim (...)
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  • On the proper formulation of conditionalization.Michael Rescorla - 2021 - Synthese 198 (3):1935-1965.
    Conditionalization is a norm that governs the rational reallocation of credence. I distinguish between factive and non-factive formulations of Conditionalization. Factive formulations assume that the conditioning proposition is true. Non-factive formulations allow that the conditioning proposition may be false. I argue that non-factive formulations provide a better foundation for philosophical and scientific applications of Bayesian decision theory. I furthermore argue that previous formulations of Conditionalization, factive and non-factive alike, have almost universally ignored, downplayed, or mishandled a crucial causal aspect of (...)
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  • Bayesian Variations: Essays on the Structure, Object, and Dynamics of Credence.Aron Vallinder - 2018 - Dissertation, London School of Economics
    According to the traditional Bayesian view of credence, its structure is that of precise probability, its objects are descriptive propositions about the empirical world, and its dynamics are given by conditionalization. Each of the three essays that make up this thesis deals with a different variation on this traditional picture. The first variation replaces precise probability with sets of probabilities. The resulting imprecise Bayesianism is sometimes motivated on the grounds that our beliefs should not be more precise than the evidence (...)
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  • (1 other version)Accuracy, Conditionalization, and Probabilism.Peter J. Lewis & Don Fallis - manuscript
    Accuracy-based arguments for conditionalization and probabilism appear to have a significant advantage over their Dutch Book rivals. They rely only on the plausible epistemic norm that one should try to decrease the inaccuracy of one's beliefs. Furthermore, it seems that conditionalization and probabilism follow from a wide range of measures of inaccuracy. However, we argue that among the measures in the literature, there are some from which one can prove conditionalization, others from which one can prove probabilism, and none from (...)
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  • Grading Modal Judgement.Nate Charlow - 2020 - Mind 129 (515):769-807.
    This paper proposes a new model of graded modal judgment. It begins by problematizing the phenomenon: given plausible constraints on the logic of epistemic modality, it is impossible to model graded attitudes toward modal claims as judgments of probability targeting epistemically modal propositions. This paper considers two alternative models, on which modal operators are non-proposition-forming: (1) Moss (2015), in which graded attitudes toward modal claims are represented as judgments of probability targeting a “proxy” proposition, belief in which would underwrite belief (...)
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  • A Dutch Book Theorem for Quantificational Credences.Benjamin Lennertz - 2017 - Ergo: An Open Access Journal of Philosophy 4.
    In this paper, I present an argument for a rational norm involving a kind of credal attitude called a quantificational credence – the kind of attitude we can report by saying that Lucy thinks that each record in Schroeder’s collection is 5% likely to be scratched. I prove a result called a Dutch Book Theorem, which constitutes conditional support for the norm. Though Dutch Book Theorems exist for norms on ordinary and conditional credences, there is controversy about the epistemic significance (...)
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  • Biodiversity, conservation biology, and rational choice.David Frank - 2014 - Studies in History and Philosophy of Science Part C: Studies in History and Philosophy of Biological and Biomedical Sciences 45 (1):101-104.
    This paper critically discusses two areas of Sahotra Sarkar’s recent work in environmental philosophy : biodiversity and conservation biology and roles for decision theory in incorporating values explicitly in the environmental policy process. I argue that Sarkar’s emphasis on the practices of conservation biologists, and especially the role of social and cultural values in the choice of biodiversity constituents, restricts his conception of biodiversity to particular practical conservation contexts. I argue that life scientists have many reasons to measure many types (...)
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  • You've Come a Long Way, Bayesians.Jonathan Weisberg - 2015 - Journal of Philosophical Logic 44 (6):817-834.
    Forty years ago, Bayesian philosophers were just catching a new wave of technical innovation, ushering in an era of scoring rules, imprecise credences, and infinitesimal probabilities. Meanwhile, down the hall, Gettier’s 1963 paper [28] was shaping a literature with little obvious interest in the formal programs of Reichenbach, Hempel, and Carnap, or their successors like Jeffrey, Levi, Skyrms, van Fraassen, and Lewis. And how Bayesians might accommodate the discourses of full belief and knowledge was but a glimmer in the eye (...)
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  • Gender Issues in Corporate Leadership.Devora Shapiro & Marilea Bramer - 2013 - Handbook of the Philosophical Foundations of Business Ethics:1177-1189.
    Gender greatly impacts access to opportunities, potential, and success in corporate leadership roles. We begin with a general presentation of why such discussion is necessary for basic considerations of justice and fairness in gender equality and how the issues we raise must impact any ethical perspective on gender in the corporate workplace. We continue with a breakdown of the central categories affecting the success of women in corporate leadership roles. The first of these includes gender-influenced behavioral factors, such as the (...)
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  • Confirmation and Induction.Franz Huber - 2007 - Internet Encyclopedia of Philosophy.
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  • (1 other version)Accuracy, conditionalization, and probabilism.Don Fallis & Peter J. Lewis - 2019 - Synthese 198 (5):4017-4033.
    Accuracy-based arguments for conditionalization and probabilism appear to have a significant advantage over their Dutch Book rivals. They rely only on the plausible epistemic norm that one should try to decrease the inaccuracy of one’s beliefs. Furthermore, conditionalization and probabilism apparently follow from a wide range of measures of inaccuracy. However, we argue that there is an under-appreciated diachronic constraint on measures of inaccuracy which limits the measures from which one can prove conditionalization, and none of the remaining measures allow (...)
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  • An Improved Dutch Book Theorem for Conditionalization.Michael Rescorla - 2022 - Erkenntnis 87 (3):1013-1041.
    Lewis proved a Dutch book theorem for Conditionalization. The theorem shows that an agent who follows any credal update rule other than Conditionalization is vulnerable to bets that inflict a sure loss. Lewis’s theorem is tailored to factive formulations of Conditionalization, i.e. formulations on which the conditioning proposition is true. Yet many scientific and philosophical applications of Bayesian decision theory require a non-factive formulation, i.e. a formulation on which the conditioning proposition may be false. I prove a Dutch book theorem (...)
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  • On Probabilities in Biology and Physics.Joseph Berkovitz & Philippe Huneman - 2015 - Erkenntnis 80 (S3):433-456.
    This volume focuses on various questions concerning the interpretation of probability and probabilistic reasoning in biology and physics. It is inspired by the idea that philosophers of biology and philosophers of physics who work on the foundations of their disciplines encounter similar questions and problems concerning the role and application of probability, and that interaction between the two communities will be both interesting and fruitful. In this introduction we present the background to the main questions that the volume focuses on (...)
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  • A New Way to Block a Dutch Book Argument, or The Stubborn Non-probabilist.Leszek Wronski - manuscript
    We point out a yet unnoticed flaw in Dutch Book arguments that relates to a link between degrees of belief and betting quotients. We offer a set of precise conditions governing when a nonprobabilist is immune to the classical Dutch Book argument. We suggest that diachronic Dutch Book arguments are also affected.
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  • Foundations of Probability.Rachael Briggs - 2015 - Journal of Philosophical Logic 44 (6):625-640.
    The foundations of probability are viewed through the lens of the subjectivist interpretation. This article surveys conditional probability, arguments for probabilism, probability dynamics, and the evidential and subjective interpretations of probability.
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  • What is the aim of models in formal epistemology?Matheus de Lima Rui - 2022 - Principia: An International Journal of Epistemology 26 (1):135-152.
    It is certainly well accepted that formal models play a key role in scientific job. Its use goes from natural sciences like physics and even to social sciences like economics and politics. Using mathematics allows the researcher to consider more complicated scenarios involving several variables. Some models are developed to make predictions, others to describe a phenomena, or just to improve the explanation of events in the world. But what has all this to do with philosophy? The aim of the (...)
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  • A Dutch book for CDT thirders.Theodore Korzukhin - 2020 - Synthese 198 (12):11925-11941.
    I give a Dutch book argument for CDT thirders in the context of a generalized Sleeping Beauty scenario. In combination with the Briggs (2010) Dutch book for EDT thirders, this amounts to a purely decision-theoretic argument for halfing in Sleeping Beauty. In combination with the Hitchcock (2004) Dutch book for CDT halfers, this amounts to a Dutch book argument against CDT. The combined Dutch book against CDT invites a plausible diagnosis of the reasons for CDT’s failure: CDT is incompatible with (...)
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  • (1 other version)The Normative Standard for Future Discounting.Craig Callender - manuscript
    Exponential discounted utility theory provides the normative standard for future discounting as it is employed throughout the social sciences. Tracing the justification for this standard through economics, philosophy and psychology, I’ll make what I believe is the best case one can for it, showing how a non-arbitrariness assumption and a dominance argument together imply that discounting ought to be exponential. Ultimately, however, I don’t find the case compelling, as I believe it is deeply flawed. Non-exponential temporal discounting is often rational–indeed, (...)
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  • On what inferentially justifies what: the vices of reliabilism and proper functionalism.Chris Tucker - 2014 - Synthese 191 (14):3311-3328.
    We commonly say that some evidence supports a hypothesis or that some premise evidentially supports a conclusion. Both internalists and externalists attempt to analyze this notion of evidential support, and the primary purpose of this paper is to argue that reliabilist and proper functionalist accounts of this relation fail. Since evidential support is one component of inferential justification, the upshot of this failure is that their accounts of inferential justification also fail. In Sect. 2, I clarify the evidential support relation. (...)
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  • The material theory of induction.John D. Norton - 2021 - Calgary, Alberta, Canada: University of Calgary Press.
    The inaugural title in the new, Open Access series BSPS Open, The Material Theory of Induction will initiate a new tradition in the analysis of inductive inference. The fundamental burden of a theory of inductive inference is to determine which are the good inductive inferences or relations of inductive support and why it is that they are so. The traditional approach is modeled on that taken in accounts of deductive inference. It seeks universally applicable schemas or rules or a single (...)
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  • Extracting Money from Causal Decision Theorists.Caspar Oesterheld & Vincent Conitzer - 2021 - Philosophical Quarterly 71 (4):pqaa086.
    Newcomb’s problem has spawned a debate about which variant of expected utility maximisation should guide rational choice. In this paper, we provide a new argument against what is probably the most popular variant: causal decision theory. In particular, we provide two scenarios in which CDT voluntarily loses money. In the first, an agent faces a single choice and following CDT’s recommendation yields a loss of money in expectation. The second scenario extends the first to a diachronic Dutch book against CDT.
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  • Dutch Book against Lewis.Anna Wójtowicz & Krzysztof Wójtowicz - 2021 - Synthese 199 (3-4):9185-9217.
    According to the PCCP thesis, the probability of a conditional A → C is the conditional probability P. This claim is undermined by Lewis’ triviality results, which purport to show that apart from trivial cases, PCCP is not true. In the present article we show that the only rational, “Dutch Book-resistant” extension of the agent’s beliefs concerning non-conditional sentences A and C to the conditional A → C is by assuming that P = P. In other cases a diachronic Dutch (...)
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  • Widening Access to Bayesian Problem Solving.Nicole Cruz, Saoirse Connor Desai, Stephen Dewitt, Ulrike Hahn, David Lagnado, Alice Liefgreen, Kirsty Phillips, Toby Pilditch & Marko Tešić - 2020 - Frontiers in Psychology 11.
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  • Practical reasoning, rule-following and belief revision: an account in terms of Jeffrey’s rule.Cyril Hédoin - 2020 - Synthese 198 (8):7627-7645.
    This paper provides a conceptual exploration of the implication of Jeffrey’s rule of belief revision to account for rule-following behavior in a game-theoretic framework. Jeffrey’s rule reflects the fact that in many cases learning something new does not imply that one has full assurance about the true content of the information. In other words, the same information may be both perceived and interpreted in several different ways. I develop an account of rule-following behavior according to which, in the context of (...)
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  • Subjective Probability and its Dynamics.Alan Hajek & Julia Staffel - 2021 - In Markus Knauff & Wolfgang Spohn (eds.), The Handbook of Rationality. London: MIT Press.
    This chapter is a philosophical survey of some leading approaches in formal epistemology in the so-called ‘Bayesian’ tradition. According to them, a rational agent’s degrees of belief—credences—at a time are representable with probability functions. We also canvas various further putative ‘synchronic’ rationality norms on credences. We then consider ‘diachronic’ norms that are thought to constrain how credences should respond to evidence. We discuss some of the main lines of recent debate, and conclude with some prospects for future research.
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  • The Pursuit of Knowledge and the Problem of the Unconceived Alternatives.Fabio Sterpetti & Marta Bertolaso - 2020 - Topoi 39 (4):881-892.
    In the process of scientific discovery, knowledge ampliation is pursued by means of non-deductive inferences. When ampliative reasoning is performed, probabilities cannot be assigned objectively. One of the reasons is that we face the problem of the unconceived alternatives: we are unable to explore the space of all the possible alternatives to a given hypothesis, because we do not know how this space is shaped. So, if we want to adequately account for the process of knowledge ampliation, we need to (...)
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  • Epistemic Utility and Norms for Credences.Richard Pettigrew - 2013 - Philosophy Compass 8 (10):897-908.
    Beliefs come in different strengths. An agent's credence in a proposition is a measure of the strength of her belief in that proposition. Various norms for credences have been proposed. Traditionally, philosophers have tried to argue for these norms by showing that any agent who violates them will be lead by her credences to make bad decisions. In this article, we survey a new strategy for justifying these norms. The strategy begins by identifying an epistemic utility function and a decision-theoretic (...)
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  • Dutch Books and nonclassical probability spaces.Leszek Wroński & Michał Tomasz Godziszewski - 2017 - European Journal for Philosophy of Science 7 (2):267-284.
    We investigate how Dutch Book considerations can be conducted in the context of two classes of nonclassical probability spaces used in philosophy of physics. In particular we show that a recent proposal by B. Feintzeig to find so called “generalized probability spaces” which would not be susceptible to a Dutch Book and would not possess a classical extension is doomed to fail. Noting that the particular notion of a nonclassical probability space used by Feintzeig is not the most common employed (...)
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  • Contemporary Analytic Philosophy and Bayesian Subjectivism: Why Both Are Incoherent.Tom Vinci - 2016 - Philosophy Study 6 (10).
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  • Judging the Probability of Hypotheses Versus the Impact of Evidence: Which Form of Inductive Inference Is More Accurate and Time‐Consistent?Katya Tentori, Nick Chater & Vincenzo Crupi - 2016 - Cognitive Science 40 (3):758-778.
    Inductive reasoning requires exploiting links between evidence and hypotheses. This can be done focusing either on the posterior probability of the hypothesis when updated on the new evidence or on the impact of the new evidence on the credibility of the hypothesis. But are these two cognitive representations equally reliable? This study investigates this question by comparing probability and impact judgments on the same experimental materials. The results indicate that impact judgments are more consistent in time and more accurate than (...)
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  • Inconsistency is not pathological: a pragmatic perspective.Mario J. Rizzo - 2019 - Mind and Society 18 (1):77-85.
    Both behavioral and standard neoclassical economists place a heavy emphasis on the consistency of preferences. In particular, transitive preferences are considered a desideratum. This paper attempts to show that consistency at the level of individual choice may be pragmatically irrelevant. Consistently following an environmentally adapted rule can result in intransitive preferences without negative consequences for individual or social goals. I give three examples of this. Social scientists should look at intransitivity of choices as a challenge to offer better explanations rather (...)
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  • Reflecting on diachronic Dutch books.Michael Rescorla - 2023 - Noûs 57 (3):511-538.
    Conditionalization governs how to reallocate credence in light of new evidence. One prominent argument in favor of Conditionalization holds that an agent who violates it is vulnerable to a diachronic Dutch book: a series of acceptable bets offered at multiple times that inflict a sure loss. van Fraassen argues that an agent who violates the Principle of Reflection is likewise vulnerable to a diachronic Dutch book. He concludes that agents should conform to both Conditionalization and Reflection. Some authors reply that (...)
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  • Carnap’s Logical Probability and Free Will Dilemma.Paweł Pruski - 2022 - Open Journal of Philosophy 12 (1):133-145.
    Pondering the question of free will in the context of probability allows us to take a fresh look at a number of old problems. We are able to avoid deterministic entrapments and attempt to look at free will as an outcome of the entire decision-making system. In my paper, I will argue that free will should be considered in the context of a complex system of decisions, not individual cases. The proposed system will be probabilistic in character, so it will (...)
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  • Nonrational Belief Paradoxes as Byzantine Failures.Ryan Miller - 2022 - Logos and Episteme 13 (4):343-358.
    David Christensen and others argue that Dutch Strategies are more like peer disagreements than Dutch Books, and should not count against agents‘ conformity to ideal rationality. I review these arguments, then show that Dutch Books, Dutch Strategies, and peer disagreements are only possible in the case of what computer scientists call Byzantine Failures—uncorrected Byzantine Faults which update arbitrary values. Yet such Byzantine Failures make agents equally vulnerable to all three kinds of epistemic inconsistencies, so there is no principled basis for (...)
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  • Nonclassical Probability, Convex Hulls, and Dutch Books.Michał Gil Sanchez, Zalán Gyenis & Leszek Wroński - forthcoming - Episteme:1-21.
    We report a solution to an open problem regarding the axiomatization of the convex hull of a type of nonclassical evaluations. We then investigate the meaning of this result for the larger context of the relation between rational credence functions and nonclassical probability. We claim that the notions of bets and Dutch Books typically employed in formal epistemology are of doubtful use outside the realm of classical logic, eventually proposing two novel ways of understanding Dutch Books in nonclassical settings.
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  • (1 other version)On de Finetti’s instrumentalist philosophy of probability.Joseph Berkovitz - 2019 - European Journal for Philosophy of Science 9 (2):25.
    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 (...)
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  • Risk and Scientific Reputation: Lessons from Cold Fusion.Huw Price - forthcoming - In Managing Extreme Technological Risk. Singapore: World Scientific.
    Many scientists have expressed concerns about potential catastrophic risks associated with new technologies. But expressing concern is one thing, identifying serious candidates another. Such risks are likely to be novel, rare, and difficult to study; data will be scarce, making speculation necessary. Scientists who raise such concerns may face disapproval not only as doomsayers, but also for their unconventional views. Yet the costs of false negatives in these cases -- of wrongly dismissing warnings about catastrophic risks -- are by definition (...)
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