Accuracy and the Laws of Credence

Richard Pettigrew offers an extended investigation into a particular way of justifying the rational principles that govern our credences (or degrees of belief). The main principles that he justifies are the central tenets of Bayesian epistemology, though many other related principles are discussed along the way. Pettigrew looks to decision theory in order to ground his argument. He treats an agent’s credences as if they were a choice she makes between different options, gives an account of the purely epistemic utility enjoyed by different sets of credences, and then appeals to the principles of decision theory to show that, when epistemic utility is measured in this way, the credences that violate the principles listed above are ruled out as irrational. The account of epistemic utility set out here is the veritist’s: the sole fundamental source of epistemic utility for credences is their accuracy. Thus, Pettigrew conducts an investigation in the version of epistemic utility theory known as accuracy-first epistemology.