KPier comments on Rationality Quotes September 2014 - Less Wrong
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The next passage confirms that this is the author's interpretation as well:
And clearly what he is guilty of (or if you prefer, blameworthy) is rationalizing away doubts that he was obligated to act on. Given the evidence available to him, he should have believed the ship might sink, and he should have acted on that belief (either to collect more information which might change it, or to fix the ship). Even if he'd gotten lucky, he would have acted in a way that, had he been updating on evidence reasonably, he would have believed would lead to the deaths of innocents.
The Ethics of Belief is an argument that it is a moral obligation to seek accuracy in beliefs, to be uncertain when the evidence does not justify certainty, to avoid rationalization, and to help other people in the same endeavor. One of his key points is that 'real' beliefs are necessarily entangled with reality. I am actually surprised he isn't quoted here more.