Epistemic terms of various syntactic categories can uniformly be used to do the same thing—to hedge. This essay clarifies hedging as a phenomenon and explains how hedging happens by advancing the positional theory. The guiding idea is that, in uttering declaratives, speakers signal what their epistemic position is towards the content put into play by the declarative. The default signal is that the speaker knows. But when an epistemic term hedges, the term overrides the default. The non-default signal sent is that the speaker or someone else occupies the position indicated by the term. To make that idea precise, the positional theory treats hedging as a discourse function. Terms hedge because of how a declarative containing an epistemic term is situated within a discourse.
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