Abstract

In Ch. 8, I distinguished epistemic probability from objective probability and then pointed out some debilitating problems with the three main accounts of epistemic probability. In this chapter, I propose my own account of epistemic probability. I first distinguish between two sides to epistemic probability, which I call the objective component and the normative component. In typical cases where we assert that some proposition is epistemically probable, two things get asserted: that the proposition is objectively probable with respect to the evidence, and that it is rational to place a high degree of confidence in the proposition, given the circumstances of having as evidence what in fact we do have as evidence. Attempting to unpack these two components, I sketch the view that the normative component of the epistemic conditional probability of A on B is the interval containing the degrees of belief a rational person could have in A, provided she believed B and was aware that she believed B, considered the evidential bearing of B on A, had no other source of warrant for B or its denial, and had no defeater for the warrant, if any, accruing to A or its denial by virtue of being thus believed on the basis of B.