A threshold turns credence into acceptance
Accept a claim when its credence is at least some t below 1. The rule is simple and has many defenders.
If to believe a claim is to give it a credence at or above a threshold, then in a fair lottery with enough tickets you believe of each ticket that it loses. The claims cannot all be true, because one ticket wins. Belief at a threshold is therefore not closed under conjunction, and raising the threshold does not help.
Core ideas
The credences in a lottery are perfectly coherent. The trouble is what happens when belief is read off credences by a threshold.
Accept a claim when its credence is at least some t below 1. The rule is simple and has many defenders.
If you accept A and accept B, you accept A and B. It is what lets a reasoner put premises together.
Accepting each claim that a ticket loses and accepting their conjunction would be accepting that no ticket wins, which is impossible.
The material
A threshold, a lottery, and the set of claims it accepts.
A fair lottery sells 100 tickets and draws one winner. For each ticket there is a claim, this ticket loses. Every one of those claims has credence 99/100: 99 of the 100 equally likely outcomes make it true.
To accept a claim at threshold t is for its credence to be at least t, where t is below 1. A reasoner who believes what she accepts has the whole set of accepted claims as her beliefs.
Set t = 99/100. Each of the 100 claims has credence exactly 99/100, so each is accepted, and the lab reports 100 of 100. Now put the claims together.
The lab reports the accepted set as inconsistent and the probability that all the accepted claims are true as 0. No ticket survives, because it would have to be the winner and then the claim about it would be false. This is the lottery paradox.
Two principles are in play, and one fact. The principles: accept a claim when it is probable enough, and accept the conjunction of what you accept. The fact: the lottery has a winner. With 100 tickets at threshold 99/100 the three cannot stand together, and since the fact is not negotiable, the exits are ways of giving up a principle or restricting it.
Each exit is a position with defenders, and each has a price. The first needs a theory of what belief is, the second gives up an inference used whenever premises are combined, and the third leaves open why the same worry does not arise for a claim supported by an ordinary statistic.
Raise the threshold to 999/1000. With 100 tickets each claim has credence 99/100, which is below it, so nothing is accepted and the paradox is gone. But the paradox returns with 1,000 tickets: each claim now has credence 999/1000, all are accepted, and the conjunction is again impossible.
For any threshold below 1 there is a lottery large enough to reach it, so no threshold avoids the problem. Setting the threshold at 1 avoids it by accepting only what is certain, which is a different and much narrower account of belief.
The credences here are coherent in the sense of the earlier lesson on the Dutch book: they add up correctly and no book exists. The incoherence appears only in the acceptances, and the lab can show that and cannot say which exit to take.
Interactive
what a threshold accepts, whether it can all be true, and what incoherence costs
Method
From a fair lottery to the failure of closure.
In a fair lottery of n tickets, the claim that ticket i loses has credence 1 − 1/n.
Accept the claim when its credence is at least t. All n claims share one credence, so all are accepted or none are.
If all n are accepted, their conjunction says that no ticket wins.
The lottery has exactly one winner, so the conjunction has probability 0 and the accepted set has no model.
Reject the threshold rule, reject closure under conjunction, or restrict the threshold so that statistical evidence alone accepts nothing, and say what each costs.
One ticket wins, drawn at random.
Each acceptance is reasonable on its own terms, and the set of all of them cannot be true. If belief is closed under conjunction, one of the steps must go.
You should be able to apply a threshold to every claim in a fair lottery, state how many are accepted, show that their conjunction has probability 0, and say which principle a given reply gives up or restricts.
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