Richard Pettigrew

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.

Beliefs come in different strengths. What are the norms that govern these strengths of belief? Let an agent's belief function at a particular time be the function that assigns, to each of the propositions about which she has an opinion, the strength of her belief in that proposition at that time. Traditionally, philosophers have claimed that an agent's belief function at any time ought to be a probability function (Probabilism), and that she ought to update her belief function upon obtaining new evidence by conditionalizing on that evidence (Conditionalization). Until recently, the central arguments for these claims have been pragmatic. But these putative justifications fail to identify what is epistemically irrational about violating Probabilism or Conditionalization. A new approach, which I will call epistemic utility theory, attempts to remedy this. It treats beliefs as epistemic acts; and it appeals to the notion of an epistemic utility function, which measures of how epistemically valuable a particular belief function is for a particular way the world might be. It then formulates fundamental epistemic norms that are analogous to the fundamental practical norms that underlie decision theory. I survey the results obtained so far in this young research project, and present a sustained critique of certain assumptions that have been made by a number of philosophers working in this area.