Probability by Convention

Probabilism—the doctrine that ideally rational degrees of belief conform to the calculus of probabilities—is habitually defended by citing Dutch-book and accuracy-dominance arguments. Yet these arguments rely on premises that are not plausibly necessary truths. I argue that the premises in question can be understood as fixing a convention. Relaxing these premises leads to alternative calculi which—under permissive though not universal assumptions—are intertranslatable with the probability calculus. This applies to Dutch-book and accuracy-dominance arguments alike; a mathematical correspondence is shown to hold between them.