A Theory of Epistemic Risk
I propose a general alethic theory of epistemic risk according to which the riskiness of an agent’s credence function encodes her relative sensitivity to different types of graded error. After motivating and mathematically developing this approach, I show that the epistemic risk function is a scaled...
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Veröffentlicht in: | Philosophy of science 2019-07, Vol.86 (3), p.522-550 |
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description | I propose a general alethic theory of epistemic risk according to which the riskiness of an agent’s credence function encodes her relative sensitivity to different types of graded error. After motivating and mathematically developing this approach, I show that the epistemic risk function is a scaled reflection of expected inaccuracy (a quantity also known as generalized information entropy). This duality between risk and information enables us to explore the relationship between attitudes to epistemic risk, the choice of scoring rules in epistemic utility theory, and the selection of priors in Bayesian epistemology more generally (including the Laplacean principle of indifference). |
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After motivating and mathematically developing this approach, I show that the epistemic risk function is a scaled reflection of expected inaccuracy (a quantity also known as generalized information entropy). 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This duality between risk and information enables us to explore the relationship between attitudes to epistemic risk, the choice of scoring rules in epistemic utility theory, and the selection of priors in Bayesian epistemology more generally (including the Laplacean principle of indifference).</description><subject>Bayesian analysis</subject><subject>Entropy</subject><subject>Entropy (Information theory)</subject><subject>Epistemology</subject><subject>Error detection</subject><subject>Risk</subject><subject>Utility theory</subject><issn>0031-8248</issn><issn>1539-767X</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2019</creationdate><recordtype>article</recordtype><recordid>eNpFz0tLxDAUBeAgCtZRf4CrguKuem8eTbIchvEBA4KM4C60aeJ0dExN2sX8eysdcHU2H-dwCLlEuENQ5b0EJgQ9IhkKpgtZyvdjkgEwLBTl6pScpbQFQFSgMnI1z9cbF-I-Dz5fdm3q3a61-WubPs_Jia--krs45Iy8PSzXi6di9fL4vJivCksV9IVWZe0EY7opNUhXs4aD1lpUijtJeYMWmWRS8Aol9-i511w1mnIGtW84shm5nnq7GH4Gl3qzDUP8HicNpVICV6LUo7qdlI0hpei86WK7q-LeIJi_32b6PcKbCQ5209rqI3TRpfTfeWC_BUVSWA</recordid><startdate>20190701</startdate><enddate>20190701</enddate><creator>Babic, Boris</creator><general>The University of Chicago Press</general><general>Cambridge University Press</general><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>20190701</creationdate><title>A Theory of Epistemic Risk</title><author>Babic, Boris</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c280t-986be5339d6907eb3d409995a84e724d1c1373754a174f1f4f948d92430bfd413</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2019</creationdate><topic>Bayesian analysis</topic><topic>Entropy</topic><topic>Entropy (Information theory)</topic><topic>Epistemology</topic><topic>Error detection</topic><topic>Risk</topic><topic>Utility theory</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Babic, Boris</creatorcontrib><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Philosophy of science</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Babic, Boris</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>A Theory of Epistemic Risk</atitle><jtitle>Philosophy of science</jtitle><date>2019-07-01</date><risdate>2019</risdate><volume>86</volume><issue>3</issue><spage>522</spage><epage>550</epage><pages>522-550</pages><issn>0031-8248</issn><eissn>1539-767X</eissn><abstract>I propose a general alethic theory of epistemic risk according to which the riskiness of an agent’s credence function encodes her relative sensitivity to different types of graded error. 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subjects | Bayesian analysis Entropy Entropy (Information theory) Epistemology Error detection Risk Utility theory |
title | A Theory of Epistemic Risk |
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