Plausibility Theory

The new evidence scholarship addresses three distinct approaches: legal probabilism, Bayesian decision theory and relative plausibility theory. Each has major insights to offer, but none seems satisfactory as it stands. This paper proposes that relative plausibility theory be modified in two substantial ways. The first is by defining its key concept of plausibility, hitherto treated as primitive, by generalising the standard axioms of probability. The second is by complementing the descriptive component of the theory with a normative decision theory adapted (...) to legal process. Because this version of decision theory is based on plausibilities rather than probabilities, it generates plausibilistic expectations as outputs. Because these outputs are comparable, they function as relative plausibilities. Hence the resulting framework is an extension of relative plausibility theory, but it retains deep ties to legal probabilism, through the proposed definition of plausibility, and to Bayesian decision theory, through the normative use of decision theory. (shrink)

Most ethical decisions are conditioned by formidable uncertainty. Decision makers may lack reliable information about relevant facts, the consequences of actions, and the reactions of other people. Resources for dealing with uncertainty are available from standard forms of decision theory, but successful application to decisions under risk requires a great deal of quantitative information: point-valued probabilities of states and point-valued utilities of outcomes. When this information is not available, this paper recommends the use of a form of decision theory that (...) operates on a bare minimum of information inputs: comparative plausibilities of states and comparative utilities of outcomes. In addition, it proposes a comparative strategy for dealing with second-order uncertainty. The paper illustrates its proposal with reference to a well-known ethical dilemma: Kant’s life-saving lie. (shrink)

The theory of theory change due to Alchourrón, Gärdenfors and Makinson ("AGM") has been widely known as being characterized by two sets of postulates, one being very weak and the other being very strong. Commenting on the three classic constructions of partial meet contraction, safe contraction and entrenchment-based construction, I argue that three intermediate levels can be distinguished that play decisive roles within the AGM theory.

The classical qualitative theory of belief change due to Alchourrón, Gärdenfors and Makinson has been widely known as being characterised by two packages of postulates. While the basic package consists of six postulates and is very weak, the full package that adds two further postulates is very strong. I revisit two classic constructions of theory contraction, viz., relational possible worlds contraction and entrenchment-based contraction and argue that four intermediate levels can be distinguished that play - or ought to play - (...) important roles within qualitative belief revision theory. Levels 3 and 4 encode two ways of interpreting the idea of imperfect discrimination of the plausibilities of possible worlds or propositions. (shrink)

In their unifying theory to model uncertainty, Friedman and Halpern (1995–2003) applied plausibility measures to default reasoning satisfying certain sets of axioms. They proposed a distinctive condition for plausibility measures that characterizes “qualitative” reasoning (as contrasted with probabilistic reasoning). A similar and similarly fundamental, but more general and thus stronger condition was independently suggested in the context of “basic” entrenchment-based belief revision by Rott (1996–2003). The present paper analyzes the relation between the two approaches to formalizing basic notions of plausibility (...) as used in qualitative default reasoning. While neither approach is a special case of the other, translations can be found that elucidate their relationship. I argue that Rott’s notion of plausibility allows for a more modular set-up and has a better philosophical motivation than that of Friedman and Halpern. (shrink)

This volume recreates the received notion of reflective equilibrium. It reconfigures reflective equilibrium as both a cognitive ideal and a method for approximating this ideal. The ideal of reflective equilibrium is restructured using the concept of discursive strata, which are formed by sentences and differentiated by function. Sentences that perform the same kind of linguistic function constitute a stratum. The book shows how moral discourse can be analyzed into phenomenal, instrumental, and teleological strata, and the ideal of reflective equilibrium reworked (...) in these terms. In addition, the work strengthens the method of reflective equilibrium by harnessing the resources of decision theory and inductive logic. It launches a comparative version of decision theory and employs this framework as a guide to moral theory choice. It also recruits quantitative inductive logic to inform a standard of inductive cogency. When used in tandem with comparative decision theory, this standard can aid in the effort to turn the undesirable condition of reflective disequilibrium into reflective equilibrium. (shrink)

Theory choice can be approached in at least four ways. One of these calls for the application of decision theory, and this article endorses this approach. But applying standard forms of decision theory imposes an overly demanding standard of numeric information, supposedly satisfied by point-valued utility and probability functions. To ameliorate this difficulty, a version of decision theory that requires merely comparative utilities and plausibilities is proposed. After a brief summary of this alternative, the article illustrates how comparative decision theory (...) affords a rational reconstruction of decisions made by exemplary scientists in two cases of theory choice: Buffon’s law and the luminiferous ether. It also offers a rational reconstruction of two cases of theory diagnosis: Mendeleev’s anomalies and the Pioneer anomaly. (shrink)

Some decisions result in cognitive consequences such as information gained and information lost. The focus of this study, however, is decisions with consequences that are partly or completely noncognitive. These decisions are typically referred to as ‘real-life decisions’. According to a common complaint, the challenges of real-life decision making cannot be met by decision theory. This complaint has at least two principal motives. One is the maximizing objection that to require agents to determine the optimal act under real-world constraints is (...) unrealistic. The other is the precision objection that the numeric requirements for applying decision theory are overly demanding for real-life decisions. Responses to both objections are aired in the History section of this chapter. The maximizing objection is addressed with reference to work by Weirich and Pollock, while the precision objection is countered via a proposal by Kyburg and another by Gärdenfors and Sahlin. However, the Current Research section urges a different response to the precision objection by introducing a comparative version of decision theory. Drawing on Chu and Halpern’s notion of generalized expected utility, this version of decision theory permits many choices to be based on merely comparative plausibilities and utilities. Finally, the Further Research section undertakes an open-ended exploration of three of the assumptions upon which this form of decision theory (and many others) is based: transitivity, independence, and plausibilistic decision rules. (shrink)

The focus of this study is cognitive choice: the selection of one cognitive option (a hypothesis, a theory, or an axiom, for instance) rather than another. The study proposes that cognitive choice should be based on the plausibilities of states posited by rival cognitive options and the utilities of these options' information outcomes. The proposal introduces a form of decision theory that is novel because comparative; it permits many choices among cognitive options to be based on merely comparative plausibilities and (...) utilities. This form of decision theory intersects with recommendations by advocates of decision theory for cognitive choice, on the one hand, and defenders of comparative evaluation of scientific hypotheses and theories, on the other. But it differs from prior decision-theoretic proposals because it requires no more than minimal precision in specifying plausibilities and utilities. And it differs from comparative proposals because none has shown how comparative evaluations can be carried out within a decision-theoretic framework. (shrink)

Epistemology is the study of knowledge and justified belief. Belief is thus central to epistemology. It comes in a qualitative form, as when Sophia believes that Vienna is the capital of Austria, and a quantitative form, as when Sophia's degree of belief that Vienna is the capital of Austria is at least twice her degree of belief that tomorrow it will be sunny in Vienna. Formal epistemology, as opposed to mainstream epistemology (Hendricks 2006), is epistemology done in a formal way, (...) that is, by employing tools from logic and mathematics. The goal of this entry is to give the reader an overview of the formal tools available to epistemologists for the representation of belief. A particular focus will be the relation between formal representations of qualitative belief and formal representations of quantitative degrees of belief. (shrink)

In this work we consider the problem of the approximate hedging of a contingent claim in the minimum mean square deviation criterion. A theorem on martingale representation in case of discrete time and an application of the result for semi-continuous market model are also given.

Using formal systems to represent and reason about uncertainty.

The book can also be used as an excellent text for graduate-level courses in AI, operations research, or applied probability.

/ Part INTRODUCTION Fuzziness is not a priori an obvious concept and demands some explanation. "Fuzziness" is what Black (NF) calls "vagueness" when ...

A data provenance framework is subject to security threats and risks, which increase the uncertainty, or lack of trust, in provenance information. Information assurance is challenged by incomplete information; one cannot exhaustively characterize all threats or all vulnerabilities. One technique that specifically incorporates a probabilistic notion of uncertainty is subjective logic. Subjective logic allows belief and uncertainty, due to incomplete information, to be specified and operated upon in a coherent manner. A mapping from the standard definition of information assurance to (...) a more quantitative subjective logic framework is suggested with a focus on the specific application of data provenance. Finally, specific consideration is given to the notion of uncertainty within subjective logic and its relation to information entropy. Information entropy is an alternative measure of uncertainty and a fundamental relationship is hypothesized between uncertainty in subjective logic and entropy. (shrink)

This article focuses on the adoption of naturalized epistemology as a framework for the relative plausibility theory developed by Ron Allen. It questions both the distinctness of Allen’s way of theorizing from a common version of conceptual analysis and the compliance of relative plausibility theory with the “naturalistic” methodological requirement expressed by the “Results Continuity” thesis.