Babic, Boris (2018) A Theory of Epistemic Risk. [Preprint]
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Abstract
I propose a general alethic theory of epistemic risk according to which the riskiness of an agent's credence function encodes their 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 rule in epistemic utility theory, and the selection of priors in Bayesian epistemology more generally (including the Laplacean principle of indifference)
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Item Type: | Preprint | ||||||
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Keywords: | risk, accuracy, information, scoring rules | ||||||
Subjects: | Specific Sciences > Mathematics > Epistemology General Issues > Decision Theory Specific Sciences > Economics Specific Sciences > Probability/Statistics |
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Depositing User: | Boris Babic | ||||||
Date Deposited: | 22 Aug 2018 15:14 | ||||||
Last Modified: | 22 Aug 2018 15:14 | ||||||
Item ID: | 14961 | ||||||
Subjects: | Specific Sciences > Mathematics > Epistemology General Issues > Decision Theory Specific Sciences > Economics Specific Sciences > Probability/Statistics |
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Date: | 2018 | ||||||
URI: | https://philsci-archive.pitt.edu/id/eprint/14961 |
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