A Satisficing Theory of Epistemic Justification

Abstract There is now a significant body of literature on consequentialist ethics that propose satisficing instead of maximizing accounts. Even though epistemology recently witnessed a widespread discussion of teleological and consequentialist theories, a satisficing account is surprisingly not developed yet. The aim of this paper is to do just that. The rough idea is that epistemic rules are justified if and only if they satisfice the epistemic good, i.e., reach some threshold of epistemic value (which varies with practical context), and believing is justified if and only if it follows said rules. I argue that this alternative to the implicitly established way of thinking in maximizing terms has significant advantages. First, maximizing epistemic value can be unreasonably demanding; second, a satisficing theory can make finding reasonable rules for belief formation and sustenance much more accessible; and third, a satisficing approach is a better alternative to both general subjectivist and maximizing objectivist attempts to spell out epistemic blame.