In Bayesian epistemology, the problem of the priors is this: How should we set our credences (or degrees of belief) in the absence of evidence? That is, how should we set our prior or initial credences, the credences with which we begin our credal life? David Lewis liked to call an agent at the beginning of her credal journey a superbaby. The problem of the priors asks for the norms that govern these superbabies. -/- The Principle of Indifference gives a (...) very restrictive answer. It demands that such an agent divide her credences equally over all possibilities. That is, according to the Principle of Indifference, only one initial credence function is permissible, namely, the uniform distribution. In this paper, we offer a novel argument for the Principle of Indifference. I call it the Argument from Accuracy. (shrink)

This volume presents a series of essays which investigate the nature of intellectual inquiry: what its aims are and how it operates. The startingpoint is the work of the American pragmatists C.S. Peirce and John Dewey. Inquiry according to Peirce is a struggle to replace doubt by true belief. Dewey insisted that the transformation was from an indeterminate situation to a determinate or non-problematic one. So Isaac Levi's subject is changes in doxastic commitments, which may involve changes in attitudes or (...) changes in situations in which attitudes are entangled. The question of what justifies modification of doxastic commitments is a normative one, and so may not be understandable in purely naturalistic terms."--Dust jacket. (shrink)

Orthodox Probabilists hold that an inquirer ought to harbor a precise degree of confidence in each hypothesis about which she is concerned. Modest Probabilism is one of a family doctrines inspired by the thought that Orthodox Probabilists are thereby demanding that an inquirer effect a precision that is often unwarranted by her evidence. The purpose of this essay is (i) to explain the particular way in which Modest Probabilism answers to this thought, and (ii) to address an alleged counterexample to (...) Modest Probabilism meant to offer proof that Modest Probabilism is no better than its orthodox predecessor at avoiding unwarranted precision. (shrink)

Isaac Levi's new book develops further his pioneering work in formal epistemology, focusing on the problem of belief contraction, or how rationally to relinquish old beliefs. Levi offers the most penetrating analysis to date of this key question in epistemology, offering a completely new solution and explaining its relation to his earlier proposals. He mounts an argument in favor of the thesis that contracting a state of belief by giving up specific beliefs is to be evaluated in terms of the (...) value of the information lost by doing so. The rationale aims to be thoroughly decision theoretic. Levi spells out his goals and shows that certain types of recommendations are obtained if one seeks to promote these goals. He compares his approach to his earlier account of inductive expansion. The recommendations are for "mild contractions." These are formally the same as the "severe withdrawals" considered by Pagnucco and Rott. The rationale, however, is different. A critical part of the book concerns the elaboration of these differences. The results are relevant to accounts of the conditions under which it is legitimate to cease believing and to accounts of conditionals. Mild Contraction will be of great interest to all specialists in belief revision theory and to many students of formal epistemology, philosophy of science, and pragmatism. (shrink)

It has been claimed that, in response to certain kinds of evidence, agents ought to adopt imprecise credences: doxastic states that are represented by sets of credence functions rather than single ones. In this paper I argue that, given some plausible constraints on accuracy measures, accuracy-centered epistemologists must reject the requirement to adopt imprecise credences. I then show that even the claim that imprecise credences are permitted is problematic for accuracy-centered epistemology. It follows that if imprecise credal states are permitted (...) or required in the cases that their defenders appeal to, then the requirements of rationality can outstrip what would be warranted by an interest in accuracy. (shrink)

Jim Joyce has presented an argument for Probabilism based on considerations of epistemic utility [Joyce, 1998]. In a recent paper, I adapted this argument to give an argument for Probablism and the Principal Principle based on similar considerations [Pettigrew, 2012]. Joyce’s argument assumes that a credence in a true proposition is better the closer it is to maximal credence, whilst a credence in a false proposition is better the closer it is to minimal credence. By contrast, my argument in that (...) paper assumed (roughly) that a credence in a proposition is better the closer it is to the objective chance of that proposition. In this paper, I present an epistemic utility argument for Probabilism and the Principal Principle that retains Joyce’s assumption rather than the alternative I endorsed in the earlier paper. I argue that this results in a superior argument for these norms. (shrink)

The paper aims at a perspicuous representation of Isaac Levi's pragmatist epistemology, spanning from the 1967 classic "Gambling with Truth" to his 2004 book on "Mild Contraction". Based on a formal framework for Levi's notion of inquiry, I analyse his decision-theoretic approach with truth and information as basic cognitive values, and with Shackle measures as emerging structures. Both cognitive values figure prominently in Levi's model of inductive belief expansion, but only the value of information is employed in his model of (...) belief contraction. I argue that the former model is more successful than the latter. (shrink)

We review de Finetti’s two coherence criteria for determinate probabilities: coherence1defined in terms of previsions for a set of events that are undominated by the status quo – previsions immune to a sure-loss – and coherence2 defined in terms of forecasts for events undominated in Brier score by a rival forecast. We propose a criterion of IP-coherence2 based on a generalization of Brier score for IP-forecasts that uses 1-sided, lower and upper, probability forecasts. However, whereas Brier score is a strictly (...) proper scoring rule for eliciting determinate probabilities, we show that there is no real-valuedstrictly proper IP-score. Nonetheless, with respect to either of two decision rules – Γ-maximin or E-admissibility-+-Γ-maximin – we give a lexicographic strictly proper IP-scoring rule that is based on Brier score. (shrink)