Degree of Belief is Expected Truth Value
A number of authors have noted that vagueness engenders degrees of belief, but that these degrees of belief do not behave like subjective probabilities. So should we countenance two different kinds of degree of belief: the kind arising from vagueness, and the familiar kind arising from uncertainty, which obey the laws of probability? This chapter argues that we cannot coherently countenance two different kinds of degree of belief. Instead, it presents a framework in which there is a single notion of degree of belief, which in certain circumstances behaves like a subjective probability assignment and in other circumstances does not. The core idea is that one's degree of belief in a proposition is one's expectation of its degree of truth.
Keywords: vagueness, degree, belief, expected truth value, probabilities, uncertainty, credence, bet, expectation, random variable
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