A New Epistemic Utility Argument for the Principal Principle

Jim Joyce has presented an argument for Probabilism based on considerations of epistemic utility. In a recent paper, I adapted this argument to give an argument for Probablism and the Principal Principle based on similar considerations. Joyce's argument assumes that a credence in a true proposition is better the closer it is to maximal credence, whilst a credence in a false proposition is better the closer it is to minimal credence. By contrast, my argument in that paper assumed (roughly) that a credence in a proposition is better the closer it is to the objective chance of that proposition. In this paper, I present an epistemic utility argument for Probabilism and the Principal Principle that retains Joyce's assumption rather than the alternative I endorsed in the earlier paper. I argue that this results in a superior argument for these norms.