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 (...) norm; we then show that the decision-theoretic norm applied to the epistemic utility function yields the norm for credences that we wish to justify. We survey results already obtained using this strategy, and we suggest directions for future research. (shrink)

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 (...) of Isaac Levi. Forty years later, scoring rules, imprecise credences, and infinitesimal probabilities are all the rage. And the formal and “informal” traditions are increasingly coming together as Bayesian arguments spill over into debates about the foundations of empirical knowledge, skepticism, and more. Relatedly, Bayesian interest in full belief and knowledge has never been greater. Much more besides has happened in the last forty years of Bayesian philosophy, .. (shrink)

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.

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 (...) a maximally comprehensive theory that is more probable than any other such theory. Drawing on previous work, the paper shows that when an agent is in reflective equilibrium in this sense, the set of claims they accept or are prepared to accept is bound to be logically consistent and closed under logical implication. The paper also argues that this account can explain various features of philosophical argumentation in which the notion of reflective equilibrium features centrally, such as the emphasis on evaluating philosophical theories holistically rather than in a piecemeal fashion. (shrink)

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 (...) or states; as well as examining various forms of skepticism about structural requirements of rationality. In §3, we turn to the debate about the normative significance of structural rationality, surveying central challenges for the view that structural rationality is normatively significant and the theoretical options that arise in light of these challenges. (shrink)

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 (...) factors. (shrink)

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 (...) that increase the agent's alethic potential (relevant beliefs) but not of beliefs that decrease it (this is related to cognitive parsimony). Suspension of judgment, forgetting, and clutter avoidance are the main contributors to an agent's epistemic sanity, where this paper focuses on suspension. I argue that rational suspension favors the holding of true and relevant beliefs, which is not the case for the extremes of opinionation (no suspension) and skepticism (general suspension). In the absence of evidence, opinionated agents are often forced to rely on principles such as the principle of indifference, but suspension dominates indifference in terms of alethic value in some conditions. A rational agent would only find it beneficial to adopt skepticism if she considers herself to be an anti-expert about her entire agenda, but then ‘flipping’ beliefs maximizes expected alethic value in relation to skepticism. The study of epistemic sanity results in an ‘impure’ veritism, which can deal with some limitations of veritism (e.g., explaining the existence of false but relevant beliefs). (shrink)

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 (...) ortodoxo. Por lo mismo, el propósito de esta investigación es justamente proponer aquello: un marco bayesiano ampliado que tendrá por objeto solucionar más de una cuestión particular. Más específicamente, el problema de la incorregibilidad, el problema del surgimiento del cero, el problema de la evidencia antigua y el problema de las teorías nuevas. Lo anterior se logrará adicionando al bayesianismo ortodoxo dos cuestiones, a saber, la condicionalización épsilon y una reconstrucción racional. Palabras clave: Probabilidad Subjetiva, Grados de Creencia, Dogmatismo Bayesiano, Evidencia Antigua, Nuevas Teorías. (shrink)

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.

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 (...) a way that avoids such counterexamples and preserves its explanatory significance (Pears, Setiya). Their suggestion is that we view intention as involving partial –rather than full—belief. I argue that while the move from full to partial doxasticism helps to accommodate such counterexamples, it does so in a way that undermines the ability of the resulting view to explain the coordinating roles of and rationality norms for intention. (shrink)

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 (...) radical moral encroachment on credence. We outline and reject potential attempts to establish a basis for asymmetry between the attitude types. Then, we explore the merits and demerits of the two available responses to our symmetry claim: (i) embracing moral encroachment on credence and (ii) denying moral encroachment on belief. (shrink)

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 (...) epistemology, and feminist epistemologies. Along the way, instructors and students will encounter a wealth of additional resources and tools: chapter learning outcomes, key terms, images of philosophers and related art, useful diagrams and tables, boxes containing excerpts and other supplementary material, questions for reflection, suggestions for further reading, and a glossary. For an undergraduate survey epistemology course, Introduction to Philosophy: Epistemology is ideal when used as a main text paired with primary sources and scholarly articles. For an introductory philosophy course, select book chapters are best used in combination with chapters from other books in the Introduction to Philosophy open textbook series (edited by Christina Hendricks). (shrink)

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; (...) an account of how we reduce our logical ignorance by learning logical facts and how we should update our credences in response to such evidence; and an account of when logical ignorance is irrational and when it isn’t. At the end, I explain why the requirement of logical omniscience remains true of ideal agents with no computational, processing, or storage limitations. (shrink)

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 (...) to rescue second-order norms from this threat of regress. I first elaborate and defend the suggestion some philosophers have entertained that the regress problem forces us to accept normative externalism, the view that at least one norm is incumbent on agents regardless of their beliefs or evidence concerning that norm. But, I then argue, we need not accept externalism about first-order (e.g., moral) norms, thus closing off any question of what an agent should do in light of her normative beliefs. Rather, it is more plausible to ascribe external force to a single, second-order rational norm: the enkratic principle, correctly formulated. This modest form of externalism, I argue, is both intrinsically well-motivated and sufficient to head off the threat of regress. (shrink)

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 (...) Conditionalization. To formulate Conditionalization adequately, one must explicitly address the causal structure of the transition from old credences to new credences. I offer a formulation of Conditionalization that takes these considerations into account, and I compare my preferred formulation with some prominent formulations found in the literature. (shrink)

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 (...) calls for. One known problem for this evidentially motivated imprecise view is that in certain cases, our imprecise credence in a particular proposition will remain the same no matter how much evidence we receive. In the first essay I argue that the problem is much more general than has been appreciated so far, and that it’s difficult to avoid without compromising the initial evidentialist motivation. The second variation replaces descriptive claims with moral claims as the objects of credence. I consider three standard arguments for probabilism with respect to descriptive uncertainty—representation theorem arguments, Dutch book arguments, and accuracy arguments—in order to examine whether such arguments can also be used to establish probabilism with respect to moral uncertainty. In the second essay, I argue that by and large they can, with some caveats. First, I don’t examine whether these arguments can be given sound non-cognitivist readings, and any conclusions therefore only hold conditional on cognitivism. Second, decision-theoretic representation theorems are found to be less convincing in the moral case, because there they implausibly commit us to thinking that intertheoretic comparisons of value are always possible. Third and finally, certain considerations may lead one to think that imprecise probabilism provides a more plausible model of moral epistemology. The third variation considers whether, in addition to conditionalization, agents may also change their minds by becoming aware of propositions they had not previously entertained, and therefore not previously assigned any probability. More specifically, I argue that if we wish to make room for reflective equilibrium in a probabilistic moral epistemology, we must allow for awareness growth. In the third essay, I sketch the outline of such a Bayesian account of reflective equilibrium. Given that this account gives a central place to awareness growth, and that the rationality constraints on belief change by awareness growth are much weaker than those on belief change by conditionalization, it follows that the rationality constraints on the credences of agents who are seeking reflective equilibrium are correspondingly weaker. (shrink)

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 (...) which one can prove both. Hence at present, the accuracy-based approach cannot underwrite both conditionalization and probabilism. (shrink)

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 (...) in the modal claim. (2) A model on which graded attitudes toward modal claims are represented as judgments of credence taking as their objects (non-propositional) modal representations (rather than proxy propositions). The second model, like Moss’ model, is shown to be semantically and mathematically tractable. The second model, however, can be straightforwardly integrated into a plausible model of the role of graded attitudes toward modal claims in cognition and normative epistemology. (shrink)

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 (...) of these results. So, my conclusion is that if Dutch Book Theorems do, in general, support norms on credal states, then we have support for the suggested norm on quantificational credences. Providing conditional support for this norm gives us a fuller picture of the normative landscape of credal states. (shrink)

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 (...) requirements and expectations of gendered verbal and nonverbal communication styles as well as appearance. We move on to address the impact of family on corporate leadership opportunities and success, discussing the asymmetrical evaluation of an individual’s potential, authority, and competence based on gender stereotypes of familial obligations and expectations. Finally, we address how gender impacts access to networking and sponsorship opportunities and the long-term effects of systematic limitations on women’s inclusion in the upper echelons of corporate leadership. We conclude with a summary of the questions and issues raised by our discussion and direct individuals to consider how different ethical systems and moral requirements might influence their interpretations of gender and leadership in the corporate workplace. (shrink)

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 (...) one to prove probabilism. That is, among the measures in the literature, there are some from which one can prove conditionalization, others from which one can prove probabilism, but none from which one can prove both. Hence at present, the accuracy-based approach cannot underwrite both conditionalization and probabilism. (shrink)

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 (...) tailored to non-factive Conditionalization. I also discuss the theorem’s significance. (shrink)

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 (...) and summarize the highlights of the individual contributions. (shrink)

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.

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.

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 (...) present paper is to investigate debates on the role of formal models in a specific philosophical subject, precisely, the epistemology of rationality. Are we able to explain why models are needed in epistemological work? This answer will be addressed on the assumptions that epistemological theorizing is committed with normative statements. More specifically, epistemologists are concerned with normative questions about what rationality requires from epistemic agents. The first goal is to discuss some assumptions about the role of mathematical models in formal epistemology undertaking. And secondly, I will argue for the following two claims: formal models are useful tools for predicting consequences of normative assumption about what is intuitively required by rationality; and insofar rationality theory is normative in virtue of being instrumentalist and aiming at truth, formal models are means-end tools, therefore, for rationality, mathematical models are devices for maximizing truth in doxastic states. (shrink)

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 (...) the Dutch book requirement because it allows the values of epistemically impossible outcomes influence one’s decision. (shrink)

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, (...) the paragon of rationality. If this is correct, it’s an important point when considering policy interventions. Instead of trying to “fix” non-exponetial discounting because it is irrational and associated with negative life outcomes, we might instead focus attention on why the conditions obtain that make such discounting rational. (shrink)

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. (...) In Sects. 3–5, I subject reliabilist and proper functionalist accounts of evidential support to various counterexamples. In Sect. 6, I show that the most promising ways to address these counterexamples aren’t very promising. (shrink)

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 (...) formal device, such as the probability calculus. After millennia of halting efforts, none of these approaches has been unequivocally successful and debates between approaches persist. The Material Theory of Induction identifies the source of these enduring problems in the assumption taken at the outset: that inductive inference can be accommodated by a single formal account with universal applicability. Instead, it argues that that there is no single, universally applicable formal account. Rather, each domain has an inductive logic native to it. Which that is, and its extent, is determined by the facts prevailing in that domain. Paying close attention to how inductive inference is conducted in science and copiously illustrated with real-world examples, The Material Theory of Induction will initiate a new tradition in the analysis of inductive inference. (shrink)

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.

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 (...) Book against the agent can be constructed. There is a tension between our findings and Lewis’ results, which needs to be explained. Therefore, we present a probability space which corresponds in a natural way to the diachronic Dutch Book—and which allows the conditional A → C to be interpreted as an event in a mathematically sound way. It also allows to formalize the notion of conditionalizing A → C on ¬C which plays a crucial role in Lewis’ proof. Our conclusion is that Lewis’ proof is circular, so it cannot be considered to be a sound argument against PCCP. (shrink)

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 (...) strategic interactions, following a rule is defined by two conditions. First, that agents must frame the interaction in a sufficiently similar way and be aware of the same salient properties, i.e. they must have the same partition of the event. Second, they must ascribe to others the same revised probabilities to what they take to be the common partition. In a game-theoretic framework, this also indicates that rule-following behavior cannot be identified merely to the existence of a common prior. (shrink)

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.

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 (...) develop an account of the process of scientific discovery which is not exclusively based on probability calculus. We argue that the analytic view of the method of science advocated by Cellucci is interestingly suited to this goal, since it rests on the concept of plausibility. In this perspective, in order to account for how probabilities are in fact assigned in uncertain contexts and knowledge ampliation is really pursued, we have to take into account plausibility-based considerations. (shrink)

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 (...) in philosophy of physics, and that his usage of the “classical” Dutch Book concept is not appropriate in “nonclassical” contexts, we then argue that if we switch to the more frequently used formalism and use the correct notion of a Dutch Book, then all probability spaces are not susceptible to a Dutch Book. We also settle a hypothesis regarding the existence of classical extensions of a class of generalized probability spaces. (shrink)

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 (...) probability judgments. Impact judgments also predict the direction of errors in probability judgments. These findings suggest that human inductive reasoning relies more on estimating evidential impact than on posterior probability. (shrink)

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 (...) than as a normative defect. (shrink)

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 (...) Reflection is implausible and hence that there must be something wrong with diachronic Dutch book arguments. Other authors try to isolate a principled difference between the Dutch book argument for Conditionalization and the Dutch book argument for Reflection, such that the former argument may succeed even though the latter fails. I pursue a version of this strategy. I contend that, once we properly elucidate the notion of sure loss, non‐reflectors are not vulnerable to a sure loss. An agent who violates Reflection is not thereby subject to a diachronic Dutch book. Appearances to the contrary result from an unmotivated focus upon an overly narrow set of gambling scenarios. (shrink)

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 (...) be embedded in the calculus of probability. To achieve the stated goal, I will refer to two areas of Carnap’s interest: the relationship between free will and determinism, and the probability-based decision-making system. First, I will present Carnap’s compatibilist position. On this basis, I will show how free will can be examined on deterministic grounds. Then I will present Carnap’s probabilistic project—the so-called logical interpretation of probability. In addition to presenting its characteristics and functionality, I will argue for its usefulness in the context of decision analysis and its immunity to problems associated with determinism. Finally, I will show how the two mentioned elements can be combined, as a result of which I will present a concept for a probabilistic analysis of free will. In this context, I will identify free will with the individual characteristics of the system. My main aim is to present the theme of free will in the light of a formal analysis based on probability rather than metaphysical assumptions. (shrink)

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 (...) claiming that only avoidance of true Dutch Books characterizes ideally rational agents. Agents without Byzantine Failures can be ideally rational in a very strong sense, but are not normative for humans. (shrink)

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.

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)

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 (...) very high. For these reasons, aspects of the methodology and culture of science, such as its attitude to epistemic risk and to unconventional views, are relevant to the challenges of managing extreme technological risks. In this piece I discuss these issues with reference to a real-world example that shares many of the same features, that of so-called 'cold fusion'. (shrink)