Philosophical Error and the Economics of Belief Formation

Abstract

Recent work has demonstrated that academic research faces serious challenges. Incentives to defend publishable ideas often lead researchers astray. Despite their tendency to produce error, efforts to publish erroneous results typically help a researcher's career. In addition, errors often arise from seemingly innocent methodological assumptions that allow researchers to believe their research is sound. This article discusses this research, as well as research into difficulties facing epistemic rationality caused by nonepistemic incentives. It then applies the lessons of this research to philosophical practice. It explains why philosophy likely suffers from these problems. It then provides an example of a widely shared methodological assumption that allows such research to be pursued and regularly published. It claims that the significance philosophers place on arguments is inappropriate, and that typical evaluations of philosophical arguments involve an instance of the base-rate fallacy. It concludes by discussing whether or not this article is self-defeating.