Metaphysicians speak of laws of nature in terms of necessity and universality; scientists, in terms of symmetry and invariance. In this book van Fraassen argues that no metaphysical account of laws can succeed. He analyzes and rejects the arguments that there are laws of nature, or that we must believe there are, and argues that we should disregard the idea of law as an adequate clue to science. After exploring what this means for general epistemology, the author develops the empiricist (...) view of science as a construction of models to represent the phenomena. (shrink)

One guide to an argument's significance is the number and variety of refutations it attracts. By this measure, the Dutch book argument has considerable importance.2 Of course this measure alone is not a sure guide to locating arguments deserving of our attention—if a decisive refutation has really been given, we are better off pursuing other topics. But the presence of many and varied counterarguments at least suggests that either the refutations are controversial, or that their target admits of more than (...) one interpretation, or both. The main point of this paper is to focus on a way of understanding the Dutch Book argument (DBA) that avoids many of the well-known criticisms, and to consider how it fares against an important criticism that still remains: the objection that the DBA presupposes value-independence of bets. (shrink)

The most immediately appealing model for formal constraints on degrees of belief is provided by probability theory, which tells us, for instance, that the probability of P can never be greater than that of (P v Q). But while this model has much intuitive appeal, many have been concerned to provide arguments showing that ideally rational degrees of belief would conform to the calculus of probabilities. The arguments most frequently used to make this claim plausible are the so-called "Dutch Book" (...) arguments. (shrink)

This book is a major contribution to decision theory, focusing on the question of when it is rational to accept scientific theories. The author examines both Bayesian decision theory and confirmation theory, refining and elaborating the views of Ramsey and Savage. He argues that the most solid foundation for confirmation theory is to be found in decision theory, and he provides a decision-theoretic derivation of principles for how many probabilities should be revised over time. Professor Maher defines a notion of (...) accepting a hypothesis, and then shows that it is not reducible to probability and that it is needed to deal with some important questions in the philosophy of science. A Bayesian decision-theoretic account of rational acceptance is provided together with a proof of the foundations for this theory. A final chapter shows how this account can be used to cast light on such vexed issues as verisimilitude and scientific realism. (shrink)

In this paper, I present a simple and straightforward logic of induction: a consequence relation characterized by a proof theory and a semantics. This system will be called LI. The premises will be restricted to, on the one hand, a set of empirical data and, on the other hand, a set of background generalizations. Among the consequences will be generalizations as well as singular statements, some of which may serve as predictions and explanations.

Is Bayesian decision theory a panacea for many of the problems in epistemology and the philosophy of science, or is it philosophical snake-oil? For years a debate had been waged amongst specialists regarding the import and legitimacy of this body of theory. Mark Kaplan had written the first accessible and non-technical book to address this controversy. Introducing a new variant on Bayesian decision theory the author offers a compelling case that, while no panacea, decision theory does in fact have the (...) most profound consequences for the way in which philosophers think about inquiry, criticism and rational belief. The new variant on Bayesian theory is presented in such a way that a non-specialist will be able to understand it. The book also offers new solutions to some classic paradoxes. It focuses on the intuitive motivations of the Bayesian approach to epistemology and addresses the philosophical worries to which it has given rise. (shrink)

The "Dutch Book" argument, tracing back to Ramsey and to deFinetti, offers prudential grounds for action in conformity with personal probability. Under several structural assumptions about combinations of stakes, your betting policy is coherent only if your fair odds are probabilities. The central question posed here is the following one: Besides providing an operational test of coherent betting, does the "Book" argument also provide for adequate measurement of the agents degrees of beliefs? That is, are an agent's fair odds also (...) his/her personal probabilities for those events? We argue the answer is "No!" The problem is caused by the possibility of state dependent utilities. (shrink)

Two criticisms of Dutch strategy arguments are discussed: One says that the arguments fail because agents who know the arguments can use that knowledge to avoid Dutch strategy vulnerability, even though they violate the norm in question. The second consists of cases alleged to be counterexamples to the norms that Dutch strategy arguments defend. The principle of Reflection and its Dutch strategy argument are discussed, but most attention is given to the rule of Conditionalization and to Jeffrey's rule for fallible (...) learning. I argue that the first criticism should be rejected, and that the second presents no counterexamples to the rationality of commitment to the rules. (shrink)

Recently a number of authors have tried to avoid the failures of traditional Dutch book arguments by separating them from pragmatic concerns of avoiding a sure loss. In this paper I examine defenses of this kind by Howson and Urbach, Hellman, and Christensen. I construct rigorous explications of their arguments and show that they are not cogent. I advocate abandoning Dutch book arguments in favor of a representation theorem.

Beliefs about fair prices for betting arrangements can obviously vary depending upon how the contingencies are described, even though each of the different descriptions is correct. This sort of variation in beliefs on the part of an agent has been Iinked by Ramsey and Skyrms with the agent’s susceptibility to a dutch book situation involving some combination of bets on which there is a mathematically-guaranteed net loss as the overall outcome. Clarifying the nature of that Iinkage is the purpose of (...) this paper. After a framework for analysis has been developed, it is shown precisely how several important conditions for having correct beliefs are interrelated. (shrink)