Probability and Prodigality

I present a straightforward objection to the view that what we know has epistemic probability 1: when combined with Bayesian decision theory, the view seems to entail implausible conclusions concerning rational choice. I consider and reject three responses. The first holds that the fault is with decision theory, rather than the view that knowledge has probability 1. The second two try to reconcile the claim that knowledge has probability 1 with decision theory by appealing to contextualism and sensitive invariantism, respectively. I argue that each response fails, and that we can hold on to much of what was attractive in the responses while denying that what we know has probability 1.